Nitin J. Mhatre - 06 Feb 2024 Form 4 Insider Report for BERKSHIRE HILLS BANCORP INC (BHLB)

Role
President and CEO, Director
Signature
/s/ Marc P. Levy, pursuant to power of attorney
Issuer symbol
BHLB
Transactions as of
06 Feb 2024
Net transactions value
-$232,775
Form type
4
Filing time
07 Feb 2024, 18:14:44 UTC
Previous filing
01 Feb 2024
Next filing
26 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHLB Common Stock Award $0 +31,042 +46% $0.000000 98,128 06 Feb 2024 Direct F4
transaction BHLB Common Stock Tax liability $232,775 -10,429 -11% $22.32 87,699 06 Feb 2024 Direct
holding BHLB Common Stock 14,000 06 Feb 2024 By Stock Award IV F3
holding BHLB Common Stock 7,702 06 Feb 2024 By Stock Award III F2
holding BHLB Common Stock 3,752 06 Feb 2024 By Stock Award II F1
* 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 On January 30, 2021 the reporting person was granted 24,925 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 31,042 shares of restricted stock, and were transferred to the executive on February 6, 2024.