Brookline Bancorp (BRKL) Insider Grant: Multiple Restricted Stock Awards

Rhea-AI Filing Summary

Filing: Form 4 filed for BROOKLINE BANCORP INC (BRKL) by Michael W. McCurdy, Co-President & COO and Director. The report covers transactions dated 08/02/2025 and is signed 08/05/2025 by Marissa S. Martin, P.O.A.

Table I reports multiple entries in Common stock with Transaction Code: F showing amounts 2,876, 959, 1,303, and 1,440 (direct ownership lines) and an indirect holding of 1,623 noted "By ESOP". The filing shows a price of $10.28 on the reported lines. Explanations state the 2,876 shares are performance-based restricted stock granted under the Brookline Bancorp, Inc. 2021 Stock Option and Incentive Plan that vest on the third anniversary based on performance metrics; other lines include restricted stock under the same plan.

Insights

Securities/Financial Analyst

TL;DR: Routine insider restricted-stock grant disclosed; terms reference time- and performance-based vesting.

This Form 4 discloses multiple entries on 08/02/2025 for Common stock reported with Transaction Code "F" and a listed price of $10.28. The filing explicitly identifies a performance-based restricted stock grant (2,876 shares) under the 2021 Stock Option and Incentive Plan that vests on the third anniversary subject to performance metrics. Ownership lines also show direct holdings and an indirect ESOP holding of 1,623 shares. Impact: Not impactful to valuation based on filing content alone because this is a standard compensation grant disclosure without stated material change to outstanding shares or extraordinary terms.

Corporate Governance Expert

TL;DR: Compensation alignment via performance-restricted stock; disclosure is consistent with equity incentive plan administration.

The report names Michael W. McCurdy as reporting person and documents restricted-stock awards administered under the companys 2021 Stock Option and Incentive Plan. The explicit vesting condition is time- and performance-based (three-year cliff subject to metrics). The filing also notes an ESOP-related indirect holding. Impact: Not impactful in isolation; the disclosure provides governance transparency on executive pay but contains no additional corporate-action detail.

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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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^*

McCurdy Michael W.

(Last) (First) (Middle)

131 CLARENDON STREET

(Street)

BOSTON MA 02116

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BROOKLINE BANCORP INC [ BRKL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-President & COO

3. Date of Earliest Transaction (Month/Day/Year)
08/02/2025

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	08/02/2025		F		2,876(1)	D	$10.28	104,353	D
Common	08/02/2025		F		959	D	$10.28	103,394	D
Common	08/02/2025		F		1,303	D	$10.28	102,091	D
Common	08/02/2025		F		1,440	D	$10.28	100,651(2)	D
Common								1,623	I	By ESOP

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. Performance based restricted stock shares granted pursuant to the Brookline Bancorp, Inc. 2021 Stock Option and Incentive Plan. The shares vest on the third anniversary of the date of grant based on certain performance based metrics.

2. Includes shares of restricted stock granted pursuant to the Brookline Bancorp, Inc. 2021 Stock Option and Incentive Plan.

Remarks:

	Michael W. McCurdy, by Marissa S. Martin, P.O.A.	08/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Michael W. McCurdy report on the Form 4 for BRKL?

The Form 4 reports multiple entries dated 08/02/2025 for Common stock with Transaction Code F, showing amounts 2,876, 959, 1,303, 1,440 and an indirect 1,623 noted "By ESOP".

Are any of the shares described as performance-based for BRKL?

Yes. The filing states 2,876 shares are performance-based restricted stock granted under the Brookline Bancorp, Inc. 2021 Stock Option and Incentive Plan and vest on the third anniversary based on performance metrics.

What price is shown for the reported transactions on the Form 4?

The Form 4 shows a price of $10.28 on the reported common-stock lines.

What is the reporting person's role at Brookline Bancorp (BRKL)?

The reporting person is Michael W. McCurdy, identified as Co-President & COO and a Director of Brookline Bancorp, Inc.

When was the Form 4 signed and who signed it?

The filing is signed on 08/05/2025 by Michael W. McCurdy, by Marissa S. Martin, P.O.A..