Berkshire Hills (BHLB) Insider: 6,036 Shares Vest, 2,906 Sold at $26.13
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.
Positive
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Negative
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Insights
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.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,036 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,906 | $26.13 | $76K |
| holding | Common Stock | -- | -- | -- |
| 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, 2024. 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, 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. 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. 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.
