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

Rhea-AI Filing Summary

Conn Kevin, listed as Senior Managing Director, Investor Relations, reported a sale and vesting activity for Beacon Financial Corp (BBT). On 08/29/2025 he disposed of 1,388 common shares at $26.13 per share. After the transaction and recent vesting, he beneficially owns 26,924 shares directly. Several previously restricted stock awards vested, converting 769, 1,938, and 2,019 shares from Stock Award III, IV and V into direct holdings. The Form 4 was signed under power of attorney on 09/03/2025.

Positive

• Multiple restricted stock awards vested, converting 769, 1,938 and 2,019 shares into direct ownership, increasing transparency of insider holdings
• Timely disclosure on Form 4 with power of attorney signature indicates compliance with reporting requirements

Negative

• Disposition of 1,388 shares on 08/29/2025 at $26.13 reduced the reporting person’s direct holdings
• Materiality of the sale to overall ownership not disclosed, so impact on control or stake percentage cannot be determined from this filing

Insights

Securities Analyst

TL;DR: Insider sale of 1,388 shares follows recent vesting; overall direct holdings remain meaningful at 26,924 shares.

The reporting shows a routine disposition combined with multiple award vestings. The sale on 08/29/2025 at $26.13 reduced direct holdings, but substantial shares converted from restricted awards into direct ownership, increasing transparency of economic exposure. Transaction size relative to total holdings is not provided, so materiality to ownership percentage cannot be assessed from this form alone.

Corporate Governance Expert

TL;DR: Vesting and a contemporaneous sale indicate standard equity compensation realization, not necessarily a sign of corporate governance concern.

The filing documents scheduled vesting mechanics for three stock award tranches and shows that portions vested into direct ownership. The reported sale was disclosed promptly on Form 4 and executed under a stamped power of attorney signature, consistent with procedural compliance. No departures, option grants, or additional governance actions are reported here.

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^*

Conn Kevin

(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)
	Sr Managing Dir/Inv Relations

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		F		1,388	D	$26.13	26,924(4)	D
Common Stock								0(4)	I	By Stock Award V(3)
Common Stock								0(4)	I	By Stock Award IV(2)
Common Stock								0(4)	I	By Stock Award III(1)

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 Stock Awards vest 50% in three equal annual installments commencing on January 30, 2024 with the remaining 50% vesting on January 30, 2026.

2. Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2022 Equity Compensation Plan vest 50% in three equal annual installments commencing on April 1, 2024 with the remaining 50% vesting on April 1, 2026.

3. Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2022 Equity Compensation Plan vest 50% in three equal annual installments commencing on April 1, 2025 with the remaining 50% vesting on April 1, 2027.

4. Since the reporting person's last report, 769 shares previously held through Stock Award III, 1,938 shares previously held through Stock Award IV and 2,019 shares previously held through Stock Award V have vested and are now owned directly.

	/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).
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FAQ

Who filed this Form 4 and what is their role?

Conn Kevin filed the Form 4 and is identified as Senior Managing Director, Investor Relations.

How many shares were sold and at what price?

The filing reports a sale of 1,388 common shares on 08/29/2025 at $26.13 per share.

How many shares does the reporting person beneficially own after the transaction?

After the transaction and recent vesting, the reporting person beneficially owns 26,924 shares directly.

Did any restricted stock awards vest?

Yes; 769, 1,938, and 2,019 shares from Stock Award III, IV and V vested and became direct holdings.

When was the Form 4 signed and by whom?

The Form 4 bears a signature line executed by Marc Levy pursuant to power of attorney on 09/03/2025.