Form 4: Berkshire Hills Bancorp Director Callahan Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Mary Anne Callahan reports changes in beneficial ownership of Berkshire Hills Bancorp stock due to vesting of stock awards.
Summary
- Mary Anne Callahan, a director of Berkshire Hills Bancorp Inc., filed a Form 4 on January 31, 2025, reporting changes in her beneficial ownership of the company's common stock.
- The report indicates that 2,595 shares previously held through Stock Award II have vested and are now owned directly.
- Callahan also indirectly owns 16,000 shares through an IRA and 779 shares through a trust.
- Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2022 Equity Compensation Plan vest 100% on January 30, 2025.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing and has a neutral sentiment.
Positives
- The vesting of stock awards indicates that the director is meeting the requirements of the equity compensation plan.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the stock ownership of company insiders.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 01/30/2025 | Date of earliest transaction and vesting date of stock awards. |
| 01/31/2025 | Date of Form 4 filing. |
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