Gregory D. Lindenmuth - 06 Feb 2024 Form 4 Insider Report for BERKSHIRE HILLS BANCORP INC (BHLB)

Signature
/s/ Marc P. Levy, pursuant to power of attorney
Issuer symbol
BHLB
Transactions as of
06 Feb 2024
Net transactions value
-$42,229
Form type
4
Filing time
07 Feb 2024, 18:10:25 UTC
Previous filing
01 Feb 2024
Next filing
03 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHLB Common Stock Award $0 +5,408 +52% $0.000000 15,760 06 Feb 2024 Direct F5
transaction BHLB Common Stock Tax liability $42,229 -1,892 -12% $22.32 13,868 06 Feb 2024 Direct
holding BHLB Common Stock 2,554 06 Feb 2024 By Stock Award VIII F3
holding BHLB Common Stock 1,406 06 Feb 2024 By Stock Award VII F2
holding BHLB Common Stock 764 06 Feb 2024 By Stock Award VI F1
holding BHLB Common Stock 10,304 06 Feb 2024 By 401(k) F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2018 Equity Compensation Plan vest in three equal annual installments beginning on January 30, 2023.
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, 2024.
F3 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.
F4 Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
F5 On January 30, 2021 the reporting person was granted 4,342 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 124.54% of target, resulting in the vesting of 5,408 shares of restricted stock, and were transferred to the executive on February 6, 2024.