Form 4: Berkshire Hills Bancorp Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jacqueline Courtwright, EVP, Chief HR & Culture Officer of Berkshire Hills Bancorp, reports transactions involving common stock, including the vesting of restricted stock and a disposition for tax purposes.
Summary
- On March 3, 2025, Jacqueline Courtwright, EVP, Chief HR & Culture Officer of Berkshire Hills Bancorp, reported transactions involving the company's common stock.
- These transactions include the acquisition of 1,738 shares of common stock upon the vesting of restricted stock granted on January 30, 2022, which vested at 56.3% of target due to performance criteria.
- Additionally, 627 shares were disposed of to cover tax obligations at a price of $28.11 per share.
- Following these transactions, Courtwright directly owns 12,522 shares of Berkshire Hills Bancorp common stock.
- Courtwright also indirectly owns 1,534 shares by stock award VII, 659 shares by stock award VI, and 437 shares by 401(k).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, which is common in the financial services industry.
Key Dates
| Date | Description |
|---|---|
| January 30, 2022 | Reporting person was granted 3,087 shares of restricted stock subject to a three-year cliff vesting schedule and subject to the satisfaction of certain performance criteria. |
| January 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. |
| January 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. |
| March 3, 2025 | Date of the reported transactions, including vesting of restricted stock and disposition of shares for tax purposes. |
| March 5, 2025 | Date of signature on the Form 4 filing. |
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