Berkshire Hills Exec Reports 8,950-Share Vesting, Disposes 4,371 Shares
Rhea-AI Filing Summary
Reporting person: James Cannon Brown, SEVP and Head of Commercial Banking, reported changes in his beneficial ownership of the issuer's common stock.
On 08/29/2025 8,950 restricted shares (granted 01/30/2024 subject to a three-year cliff and performance criteria) vested and were transferred to him at $0 (reflecting vesting). Also on 08/29/2025 he disposed of 4,371 shares at $26.13, leaving him with 13,072 shares beneficially owned following the reported transactions. The filing notes that 3,978 shares from a prior stock award vested and became direct holdings.
Positive
- 8,950 restricted shares vested and were transferred to the reporting person, converting award holdings into direct ownership
- 3,978 shares from a prior stock award vested and are now directly owned, increasing transparency of ownership
Negative
- 4,371 shares were disposed of at $26.13, reducing the reporting person's direct holdings to 13,072 shares
Insights
TL;DR: Executive received a sizable restricted-stock vesting and sold a portion, modest net change in direct holdings.
The Form 4 shows an executive-level officer realized vesting of 8,950 restricted shares that were transferred upon satisfaction of vesting conditions, and concurrently recorded a disposition of 4,371 shares at $26.13. Net effect reduced indirect/award holdings and increased direct ownership by shares that vested (3,978 previously held awards moved to direct ownership). These are routine compensation-related transactions rather than open-market opportunistic trades tied to new material company information.
TL;DR: Transactions align with equity-compensation plan vesting schedules and include a routine sale by the reporting person.
The disclosure references awards under the company equity plan with multi-year vesting and performance criteria; the reported vesting at target and subsequent transfer is consistent with standard executive compensation administration. The sale of 4,371 shares at $26.13 reduced the reporting person's post-transaction holdings to 13,072 shares. No indication of abnormal trading patterns or related-party transactions is provided in the filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,950 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,371 | $26.13 | $114K |
| holding | Common Stock | -- | -- | -- |
Footnotes (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, 2025. Since the reporting person's last report, 3,978 shares previously held through Stock Award II have vested and are now owned directly. On January 30, 2024 the reporting person was granted 8,950 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 8,950 shares of restricted stock, and were transferred to the executive on August 29, 2025.
