[Form 4] Berkshire Hills Bancorp, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Jacqueline Courtwright, Chief Human Resources Officer, reported insider transactions dated 08/29/2025 involving common stock of the issuer noted in this filing. On that date she received 6,413 shares that vested and were transferred to her at no cash cost and sold 3,103 shares at $26.13 per share. After these transactions the filing shows 18,025 shares beneficially owned directly, plus certain indirect holdings including previously granted stock awards and 446 shares held in a 401(k). The filing includes explanations that restricted stock awards granted in January 2023 and January 2024 vested at 100% of target and were transferred on August 29, 2025.

Positive

• Vested restricted stock delivered at 100% of target, indicating performance criteria were met for the January 2023 and January 2024 awards
• Clear disclosure of transactions including quantities, vesting explanation, and sale price ($26.13), meeting reporting requirements

Negative

• Disposition of 3,103 shares reduces the reporting person's direct holdings, which could modestly lower their share exposure
• Filing lists two different issuer identifiers within the document (issuer line shows Beacon Financial Corp [BBT] while award language references Berkshire Hills Bancorp), which may create ambiguity for readers

Insights

Financial Analyst

TL;DR: Insider received vested equity and sold a portion the same day, a routine compensation-related liquidity event with limited immediate valuation impact.

The transactions appear to be standard post-vesting activity: restricted shares from prior grants vested at target and were delivered to the executive, increasing direct holdings before an offsetting disposition of 3,103 shares at $26.13. This pattern commonly reflects tax or diversification needs following vesting rather than a signal about firm fundamentals. The filing documents both direct and indirect holdings and quantifies the post-transaction direct ownership.

Corporate Governance Expert

TL;DR: Vesting and concurrent sale are typical of equity compensation plans; disclosure is complete and timely in this Form 4.

The Form 4 clearly discloses grant vesting details, transfer dates, and the subsequent disposition with price, which satisfies Section 16 reporting requirements. The explanation states the awards vested at 100% of target and were transferred on 08/29/2025. The signature was executed under power of attorney, indicating authorized filing. From a governance perspective, these are routine, documented equity-plan outcomes.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Courtwright Jacqueline

(Last) (First) (Middle)

131 CLARENDON STREET

(Street)

BOSTON MA 02116

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Beacon Financial Corp [ BBT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Human Resources Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/29/2025		A		6,413(4)(5)	A	$0	21,128(3)	D
Common Stock	08/29/2025		F		3,103	D	$26.13	18,025(3)	D
Common Stock								0(3)	I	By Stock Award VII(2)
Common Stock								0(3)	I	By Stock Award VI(1)
Common Stock								446(6)	I	By 401(k)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2022 Equity Compensation Plan vest in three equal annual installments beginning on January 30, 2024.

2. Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2022 Equity Compensation Plan vest in three equal annual installments beginning on January 30, 2025.

3. Since the reporting person's last report, 659 shares previously held through Stock Award VI and 1,534 shares previously held through Stock Award VII have vested and are now owned directly.

4. On January 30, 2023 the reporting person was granted 2,964 shares of restricted stock subject to a three-year cliff vesting schedule and subject to the satisfaction of certain performance criteria. The shares vested at 100% of target, resulting in the vesting of 2,964 shares of restricted stock, and were transferred to the executive on August 29, 2025.

5. On January 30, 2024 the reporting person was granted 3,449 shares of restricted stock subject to a three-year cliff vesting schedule and subject to the satisfaction of certain performance criteria. The shares vested at 100% of target, resulting in the vesting of 3,449 shares of restricted stock, and were transferred to the executive on August 29, 2025.

6. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.

	/s/ Marc Levy, pursuant to power of attorney	09/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Jacqueline Courtwright report for BHLB?

On 08/29/2025 she received 6,413 vested shares (transferred at $0) and sold 3,103 shares at $26.13 per share.

How many shares does the filing show Jacqueline Courtwright beneficially owned after the transactions?

The Form 4 shows 18,025 shares beneficially owned directly following the reported transactions, plus indirect holdings including vested awards and 446 401(k) shares.

Which equity awards vested and transferred on August 29, 2025?

Restricted stock grants from January 30, 2023 (2,964 shares) and January 30, 2024 (3,449 shares) vested at 100% and were transferred on 08/29/2025.

At what price were the sold shares executed?

The filing reports a sale (Code F) of 3,103 shares at a price of $26.13 per share.

Who signed the Form 4 filing?

The Form 4 was signed by /s/ Marc Levy, pursuant to power of attorney on 09/03/2025.