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

Rhea-AI Filing Summary

Insider transactions at Berkshire Hills Bancorp (BHLB): Ellen Tulchiner, EVP and Head of Consumer Lending & Payments, received vesting restricted stock awards that converted to 6,036 shares and were transferred to her on 08/29/2025 at no cash cost. On the same date she disposed of 2,906 shares at $26.13 per share. After these transactions the filing reports beneficial ownership levels shown as 8,814 and 5,908 shares in the transaction lines; the explanations state earlier grants from January 30, 2023 (2,964 shares) and January 30, 2024 (3,072 shares) vested at 100% and were delivered on August 29, 2025. The form is signed by Marc Levy under power of attorney and filed on 09/03/2025.

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.

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

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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^*

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.

FAQ

What insider transactions did Ellen Tulchiner (BHLB) report on Form 4?

The Form 4 reports the transfer of 6,036 vested restricted shares to Ellen Tulchiner on 08/29/2025 and the disposition (sale) of 2,906 shares at $26.13 per share.

Why did 6,036 shares transfer to the reporting person on August 29, 2025?

The shares were restricted stock awards granted under the Berkshire Hills Bancorp, Inc. 2022 Equity Compensation Plan (grants dated January 30, 2023 and January 30, 2024) that vested at 100% of target and were transferred upon vesting.

How many shares remained beneficially owned after the reported transactions?

The filing shows amounts reported as 8,814 and 5,908 in the transaction lines; the explanations note prior award vesting converted some indirect holdings to direct ownership. The Form 4 lists those figures without further breakdown.

Was the Form 4 properly signed and filed?

Yes. The submission is signed by /s/ Marc Levy, pursuant to power of attorney and dated 09/03/2025 on the filing provided.

Did the filing disclose any changes to compensation plans or accelerated vesting?

No. The filing only describes scheduled vesting of prior restricted stock awards at 100% of target and the resulting transfers; no accelerated vesting or plan changes are disclosed.