[Form 4] Brookline Bancorp Inc Insider Trading Activity
Darryl J. Fess, CEO of Brookline Bancorp, filed a Form 4 disclosing a transaction tied to the company's merger with Berkshire Hills Bancorp. On 09/01/2025 each share of Brookline common stock was converted into the right to receive 0.42 shares of Berkshire common stock plus cash in lieu of any fractional share. The filing reports a disposition of 89,716 Brookline shares related to that conversion, leaving the reporting person with 0 shares of Brookline common stock following the transaction. The Form 4 was submitted by power of attorney on 09/02/2025.
Darryl J. Fess, amministratore delegato di Brookline Bancorp, ha presentato un Modulo 4 che rende nota un'operazione collegata alla fusione con Berkshire Hills Bancorp. In data 01/09/2025 ogni azione ordinarie di Brookline è stata convertita nel diritto a ricevere 0,42 azioni ordinarie di Berkshire, con pagamento in contanti per eventuali frazioni. La comunicazione segnala la cessione di 89.716 azioni Brookline relativa a tale conversione, lasciando il dichiarante con 0 azioni ordinarie di Brookline dopo la transazione. Il Modulo 4 è stato inviato tramite procura il 02/09/2025.
Darryl J. Fess, director ejecutivo de Brookline Bancorp, presentó un Formulario 4 que divulga una operación vinculada a la fusión con Berkshire Hills Bancorp. El 01/09/2025 cada acción ordinaria de Brookline se convirtió en el derecho a recibir 0,42 acciones ordinarias de Berkshire, más efectivo por cualquier fracción de acción. El informe registra una disposición de 89.716 acciones de Brookline relacionada con dicha conversión, dejando a la persona informante con 0 acciones ordinarias de Brookline tras la transacción. El Formulario 4 fue presentado mediante poder el 02/09/2025.
Darryl J. Fess, Brookline Bancorp의 최고경영자(CEO)는 Berkshire Hills Bancorp와의 합병과 관련된 거래를 공개하는 Form 4를 제출했습니다. 2025년 9월 1일 Brookline의 보통주 각 주는 Berkshire 보통주 0.42주를 받을 권리로 전환되었고, 소수주에 대해서는 현금이 지급되었습니다. 제출서류는 이 전환과 관련해 89,716주의 Brookline 주식 처분을 보고했으며, 이 거래 이후 보고인은 Brookline 보통주를 0주 보유하게 되었습니다. Form 4는 2025년 9월 2일에 위임장에 의해 제출되었습니다.
Darryl J. Fess, directeur général de Brookline Bancorp, a déposé un formulaire 4 révélant une opération liée à la fusion avec Berkshire Hills Bancorp. Le 01/09/2025, chaque action ordinaire de Brookline a été convertie en le droit de recevoir 0,42 action ordinaire de Berkshire, avec paiement en espèces pour toute fraction d'action. Le dépôt rapporte une cession de 89 716 actions Brookline liée à cette conversion, laissant la personne déclarante avec 0 action ordinaire de Brookline après la transaction. Le formulaire 4 a été soumis par procuration le 02/09/2025.
Darryl J. Fess, CEO von Brookline Bancorp, reichte ein Formular 4 ein, das eine Transaktion im Zusammenhang mit der Fusion mit Berkshire Hills Bancorp offenlegt. Am 01.09.2025 wurde jede Brookline-Stammaktie in das Recht umgewandelt, 0,42 Berkshire-Stammaktien zu erhalten, zuzüglich Barzahlung für etwaige Bruchteile. Die Meldung verzeichnet eine Veräußerung von 89.716 Brookline-Aktien im Zusammenhang mit dieser Umwandlung und belässt die meldende Person nach der Transaktion mit 0 Aktien von Brookline. Das Formular 4 wurde am 02.09.2025 per Vollmacht eingereicht.
- Transaction arose from a completed merger converting Brookline shares into Berkshire shares and cash, reflecting deal execution
- Clear exchange ratio disclosed: 0.42 Berkshire shares per Brookline share, providing transparency on consideration
- Reporting person no longer holds Brookline common stock after conversion (ownership = 0), removing an insider ownership stake in BRKL
- Large disposition reported of 89,716 shares on 09/01/2025, which may reduce insider-held stake-related disclosures for BRKL
Insights
TL;DR: Insider ownership in BRKL was extinguished by a merger conversion into Berkshire shares and cash, a material but procedural outcome of the deal.
The Form 4 shows a non-market disposition of 89,716 Brookline shares on 09/01/2025 that resulted from the merger exchange formula of 0.42 Berkshire shares per Brookline share. This is a corporate transaction, not an open-market sale, so it reflects deal consideration rather than insider-driven selling pressure. For investors, the key effect is that the reporting person no longer holds Brookline common stock, which eliminates an insider alignment signal tied to BRKL equity post-closing.
TL;DR: The filing documents routine post-merger conversion with the CEO's Brookline holdings converted and cashed out; governance implications are limited.
The disclosure is consistent with merger mechanics: shares were converted under the merger agreement into Berkshire shares and cash for fractions. The reporting person's beneficial ownership of Brookline common stock is reported as 0 after the transaction. From a governance perspective, this is an expected administrative outcome of the merger rather than a voluntary divestiture that would raise red flags about management confidence in deal terms.
Darryl J. Fess, amministratore delegato di Brookline Bancorp, ha presentato un Modulo 4 che rende nota un'operazione collegata alla fusione con Berkshire Hills Bancorp. In data 01/09/2025 ogni azione ordinarie di Brookline è stata convertita nel diritto a ricevere 0,42 azioni ordinarie di Berkshire, con pagamento in contanti per eventuali frazioni. La comunicazione segnala la cessione di 89.716 azioni Brookline relativa a tale conversione, lasciando il dichiarante con 0 azioni ordinarie di Brookline dopo la transazione. Il Modulo 4 è stato inviato tramite procura il 02/09/2025.
Darryl J. Fess, director ejecutivo de Brookline Bancorp, presentó un Formulario 4 que divulga una operación vinculada a la fusión con Berkshire Hills Bancorp. El 01/09/2025 cada acción ordinaria de Brookline se convirtió en el derecho a recibir 0,42 acciones ordinarias de Berkshire, más efectivo por cualquier fracción de acción. El informe registra una disposición de 89.716 acciones de Brookline relacionada con dicha conversión, dejando a la persona informante con 0 acciones ordinarias de Brookline tras la transacción. El Formulario 4 fue presentado mediante poder el 02/09/2025.
Darryl J. Fess, Brookline Bancorp의 최고경영자(CEO)는 Berkshire Hills Bancorp와의 합병과 관련된 거래를 공개하는 Form 4를 제출했습니다. 2025년 9월 1일 Brookline의 보통주 각 주는 Berkshire 보통주 0.42주를 받을 권리로 전환되었고, 소수주에 대해서는 현금이 지급되었습니다. 제출서류는 이 전환과 관련해 89,716주의 Brookline 주식 처분을 보고했으며, 이 거래 이후 보고인은 Brookline 보통주를 0주 보유하게 되었습니다. Form 4는 2025년 9월 2일에 위임장에 의해 제출되었습니다.
Darryl J. Fess, directeur général de Brookline Bancorp, a déposé un formulaire 4 révélant une opération liée à la fusion avec Berkshire Hills Bancorp. Le 01/09/2025, chaque action ordinaire de Brookline a été convertie en le droit de recevoir 0,42 action ordinaire de Berkshire, avec paiement en espèces pour toute fraction d'action. Le dépôt rapporte une cession de 89 716 actions Brookline liée à cette conversion, laissant la personne déclarante avec 0 action ordinaire de Brookline après la transaction. Le formulaire 4 a été soumis par procuration le 02/09/2025.
Darryl J. Fess, CEO von Brookline Bancorp, reichte ein Formular 4 ein, das eine Transaktion im Zusammenhang mit der Fusion mit Berkshire Hills Bancorp offenlegt. Am 01.09.2025 wurde jede Brookline-Stammaktie in das Recht umgewandelt, 0,42 Berkshire-Stammaktien zu erhalten, zuzüglich Barzahlung für etwaige Bruchteile. Die Meldung verzeichnet eine Veräußerung von 89.716 Brookline-Aktien im Zusammenhang mit dieser Umwandlung und belässt die meldende Person nach der Transaktion mit 0 Aktien von Brookline. Das Formular 4 wurde am 02.09.2025 per Vollmacht eingereicht.
FAQ
What did the Form 4 filed by Darryl J. Fess disclose for BRKL?
What was the exchange ratio used in the merger affecting BRKL shareholders?
How many Brookline shares does Darryl J. Fess own after the reported transaction?
When was the Form 4 signed and submitted?
Was the disposition an open-market sale or part of a corporate merger?
