Form 4: Berkshire Hills Bancorp CEO Nitin J. Mhatre Reports Stock Transactions
SEC Form 4
Nitin J. Mhatre, President and CEO of Berkshire Hills Bancorp, reports acquisition and disposal of common stock on March 3, 2025.
Summary
- Nitin J. Mhatre, the President and CEO of Berkshire Hills Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On March 3, 2025, Mhatre acquired 9,505 shares of common stock.
- Also on March 3, 2025, Mhatre disposed of 4,596 shares of common stock at a price of $28.11.
- Following these transactions, Mhatre directly owns 102,226 shares of common stock.
- Mhatre also indirectly owns 9,334 shares through Stock Award IV and 3,851 shares through Stock Award III.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the CEO's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 01/30/2024 | Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2022 Equity Compensation Plan vest in three equal annual installments beginning on this date. |
| 01/30/2025 | Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2022 Equity Compensation Plan vest in three equal annual installments beginning on this date. |
| 03/03/2025 | Date of stock acquisition and disposal transactions. |
| 03/05/2025 | Date of signature on the Form 4 filing. |
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