Berkshire Hills Bancorp exec reports 6,036-share grant

Berkshire Hills Bancorp executive Ellen Tulchiner reported equity compensation activity on August 29, 2025, including a grant of 6,036 shares of common stock at no cash cost.

Rhea-AI Filing Summary

Berkshire Hills Bancorp executive Ellen Tulchiner reported equity compensation activity on August 29, 2025, including a grant of 6,036 shares of common stock at no cash cost. On the same date, 2,906 shares were withheld at $26.13 per share to satisfy tax liability. After these transactions she directly holds 5,908 shares of common stock. Footnotes describe prior restricted stock grants of 2,964 and 3,072 shares that vested at 100% of target and were transferred on August 29, 2025.

Insights

Securities Analyst

TL;DR: Insider received 6,036 vested restricted shares and sold 2,906 shares at $26.13, modestly changing her direct holdings.

These transactions reflect scheduled vesting of performance-based restricted stock awards granted in 2023 and 2024 that vested at 100% of target and converted to fully owned shares on August 29, 2025. The subsequent disposition of 2,906 shares at $26.13 appears to be a partial sale rather than an exercise or cash purchase. For investors, this is routine insider activity tied to long-term compensation rather than an extraordinary corporate event. The filing does not disclose additional compensation terms, motivations for the sale, or any plan-based trading instruction beyond the vesting and transfer details provided.

Corporate Governance Expert

TL;DR: Vesting and partial sale are governance-normal outcomes of equity compensation plans, showing plan execution and share transfer compliance.

The report documents compliance with the Berkshire Hills Bancorp 2022 Equity Compensation Plan: two restricted stock grants (2023 and 2024) vested at target and were transferred to the reporting person. The Form 4 properly discloses acquisition and disposition dates, quantities, and price for the sale, and is signed via power of attorney. There is no indication in the filing of any off-cycle awards, accelerated vesting, or special exemptions. Material governance items such as 10% ownership, related-party transactions, or extraordinary accelerations are not present in the provided content.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Tulchiner Ellen

Role EVP,Head of Cnsmr Lndng&Pymnts

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	6,036	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	2,906	$26.13	$76K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 5,908 shares (Direct); Common Stock — 0 shares (Indirect, By Stock Award III); Common Stock — 0 shares (Indirect, By Stock Award II)

Footnotes (5)

1. F1. 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. F2. 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. F3. Since the reporting person's last report, 659 shares previously held through Stock Award II and 1,366 shares previously held through Stock Award III have vested and are now owned directly.
4. F4. 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. F5. On January 30, 2024 the reporting person was granted 3,072 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 3,072 shares of restricted stock, and were transferred to the executive on August 29, 2025.

Key Figures

Equity grant on Aug 29, 2025: 6,036 shares Tax-withholding shares: 2,906 shares Direct common stock holding: 5,908 shares +4 more

7 metrics

Equity grant on Aug 29, 2025 6,036 shares Common stock granted to Ellen Tulchiner at $0.00 per share

Tax-withholding shares 2,906 shares Shares withheld at $26.13 per share to satisfy tax liability

Direct common stock holding 5,908 shares Canonical post-transaction holding of common stock held directly

Restricted stock grant 2023 2,964 shares Granted January 30, 2023; vested at 100% and transferred August 29, 2025

Restricted stock grant 2024 3,072 shares Granted January 30, 2024; vested at 100% and transferred August 29, 2025

Vested from Stock Award II 659 shares Previously held through Stock Award II, now owned directly

Vested from Stock Award III 1,366 shares Previously held through Stock Award III, now owned directly

Key Terms

restricted stock, three-year cliff vesting schedule, Equity Compensation Plan, tax liability by delivering securities, +1 more

5 terms

restricted stock financial

"was granted 2,964 shares of restricted stock subject to a three-year cliff vesting schedule"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

three-year cliff vesting schedule financial

"subject to a three-year cliff vesting schedule and subject to the satisfaction of certain performance criteria"

Equity Compensation Plan financial

"Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2022 Equity Compensation Plan vest in three equal annual installments"

A plan by which a company gives employees, directors or contractors ownership or the right to buy ownership in the company through stock, options or similar awards — think of promising slices of the company pie as part of someone's pay. It matters to investors because these awards can change the number of shares outstanding, affect reported profits and influence management’s decisions; large or generous plans can dilute existing holders and alter incentives over time.

tax liability by delivering securities financial

"Payment of exercise price or tax liability by delivering securities"

Stock Awards financial

"Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2022 Equity Compensation Plan vest in three equal annual installments"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity grant did Ellen Tulchiner report for BHLB on August 29, 2025?

Ellen Tulchiner reported a grant of 6,036 shares of Berkshire Hills Bancorp common stock on August 29, 2025, at $0.00 per share, reflecting an equity compensation award rather than an open-market purchase.

How many BHLB shares were withheld for taxes in Tulchiner's Form 4?

The filing shows 2,906 shares of common stock withheld at $26.13 per share to satisfy tax liability. This tax-withholding disposition reduced the reported award shares delivered as part of her equity compensation.

What is Ellen Tulchiner’s direct common stock holding in BHLB after these transactions?

After the reported grant and tax-withholding, Ellen Tulchiner directly holds 5,908 shares of Berkshire Hills Bancorp common stock, according to the canonical post-transaction holdings data included with the filing.

What restricted stock grants and vesting outcomes are disclosed for BHLB’s Ellen Tulchiner?

Footnotes state she was granted 2,964 shares of restricted stock on January 30, 2023 and 3,072 shares on January 30, 2024. Both vested at 100% of target and were transferred to her on August 29, 2025.

How do Stock Award II and III affect Tulchiner’s BHLB holdings?

Footnotes explain that since her last report, 659 shares from Stock Award II and 1,366 shares from Stock Award III have vested and are now owned directly, shifting part of her indirect Stock Award positions into direct share ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 09/03/2025 - 11:08 AM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Tulchiner Ellen

(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,Head of Cnsmr Lndng&Pymnts

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		6,036(4)(5)	A	$0	8,814(3)	D
Common Stock	08/29/2025		F		2,906	D	$26.13	5,908(3)	D
Common Stock								0(3)	I	By Stock Award III(2)
Common Stock								0(3)	I	By Stock Award II(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 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 II and 1,366 shares previously held through Stock Award III 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 3,072 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 3,072 shares of restricted stock, and were transferred to the executive on August 29, 2025.

	/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.