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

Rhea-AI Filing Summary

Gregory D. Lindenmuth, EVP and Chief Risk Officer, reported insider transactions in Beacon Financial Corp (ticker shown as BBT). On 08/29/2025 restricted awards vested and 6,992 shares were transferred to him at no cash price, bringing his direct holdings to 26,136 shares. On the same date he sold 2,759 shares at $26.13, leaving 23,377 shares owned directly. The filing notes prior vesting of 703 and 1,703 shares from earlier awards and reports 13,433 shares held indirectly via a 401(k). The Form 4 was signed by power of attorney on 09/03/2025.

Positive

• 6,992 shares were transferred to the reporting person due to restricted stock vesting at 100% of target, increasing direct ownership.
• The reporting person retains a meaningful ownership stake with 23,377 shares after the reported sale and an additional 13,433 shares held indirectly via 401(k).

Negative

• The reporting person sold 2,759 shares at $26.13, reducing direct holdings from 26,136 to 23,377 shares.

Insights

Securities Analyst

TL;DR: Insider received vested restricted shares and executed a small sale the same day, leaving substantial direct holdings.

The report documents customary equity compensation vesting and a contemporaneous sale. The 6,992 shares transferred at $0 reflect vesting of previously granted restricted stock that met performance conditions. The sale of 2,759 shares at $26.13 is modest relative to total direct holdings of 23,377 after the sale. These transactions are typical of executives monetizing a portion of vested equity while retaining a meaningful ownership stake.

Corporate Governance Expert

TL;DR: Transactions appear routine for compensation vesting and limited disposition; no governance red flags in the filing.

The Form 4 discloses performance-based restricted stock vesting at 100% of target and transfer to the reporting person, consistent with disclosed equity plans. The filing shows prior smaller vesting events and a 401(k) indirect position of 13,433 shares. The signature by power of attorney is properly noted. There is no indication here of policy breaches or unexplained transfers.

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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X

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^*

Lindenmuth Gregory D

(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)
	EVP and Chief Risk 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		6,992(4)(5)	A	$0	26,136(3)	D
Common Stock	08/29/2025		F		2,759	D	$26.13	23,377(3)	D
Common Stock								0(3)	I	By Stock Award VIII(2)
Common Stock								0(3)	I	By Stock Award VII(1)
Common Stock								13,433(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, 703 shares previously held through Stock Award VII and 1,703 shares previously held through Stock Award VIII have vested and are now owned directly.

4. On January 30, 2023 the reporting person was granted 3,162 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 3,162 shares of restricted stock, and were transferred to the executive on August 29, 2025.

5. On January 30, 2024 the reporting person was granted 3,830 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 3,830 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.
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FAQ

Who filed this Form 4 and what is their role?

The Form 4 was filed for Gregory D. Lindenmuth, who is listed as EVP and Chief Risk Officer.

What transactions were reported on 08/29/2025?

On 08/29/2025 6,992 vested restricted shares were transferred to the executive at $0 and 2,759 shares were sold at $26.13.

How many shares does the reporting person own after these transactions?

Following the transactions the reporting person owns 23,377 shares directly and holds 13,433 shares indirectly via a 401(k).

Were the vested awards performance-based?

Yes; the explanation states the restricted stock grants vested at 100% of target after meeting performance criteria and were transferred on 08/29/2025.

When was the Form 4 signed and by whom?

The Form 4 shows a signature by Marc Levy pursuant to power of attorney dated 09/03/2025.