Form 4: Berkshire Hills Bancorp Director Moffatt Reports Stock Award Vesting
SEC Form 4
Director Laurie Norton Moffatt reports the vesting of stock awards and a change in beneficial ownership of Berkshire Hills Bancorp shares.
Summary
- Laurie Norton Moffatt, a director of Berkshire Hills Bancorp, reported changes in beneficial ownership of the company's stock.
- On January 30, 2025, stock awards granted under the 2022 Equity Compensation Plan vested.
- As a result, 2,595 shares previously held through a Stock Award vested and are now directly owned.
- Moffatt directly owns 20,771 shares of common stock.
- Moffatt indirectly owns 0 shares of common stock through a Stock Award XI.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock award vesting, with neutral sentiment.
Positives
- The vesting of stock awards aligns the director's interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The vesting of stock awards may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 01/30/2025 | Date of earliest transaction (stock award vesting) |
| 01/31/2025 | Date of signature on the report |
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