Nitin J. Mhatre - 29 Aug 2025 Form 4 Insider Report for Beacon Financial Corp (BHLB)

Role
President and CEO, Director
Signature
/s/ Marc Levy, pursuant to power of attorney
Issuer symbol
BHLB
Transactions as of
29 Aug 2025
Net transactions value
-$650,820
Form type
4
Filing time
03 Sep 2025, 11:05:59 UTC
Previous filing
05 Mar 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Mhatre Nitin J. President and CEO, Director 131 CLARENDON STREET, BOSTON /s/ Marc Levy, pursuant to power of attorney 03 Sep 2025 0001457529

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BBT Common Stock Award $0 +38,327 +33% $0.000000 153,738 29 Aug 2025 Direct F3, F4, F5
transaction BBT Common Stock Tax liability $650,820 -24,907 -16% $26.13 128,831 29 Aug 2025 Direct F3
holding BBT Common Stock 0 29 Aug 2025 By Stock Award IV F2, F3
holding BBT Common Stock 0 29 Aug 2025 By Stock Award III F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Nitin J. Mhatre is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 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.
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, 2025.
F3 Since the reporting person's last report, 3,851 shares previously held through Stock Award III and 9,334 shares previously held through Stock Award IV have vested and are now owned directly.
F4 On January 30, 2023 the reporting person was granted 17,327 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 17,327 shares of restricted stock, and were transferred to the executive on August 29, 2025.
F5 On January 30, 2024 the reporting person was granted 21,000 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 21,000 shares of restricted stock, and were transferred to the executive on August 29, 2025.