Form 4: Berkshire Hills Bancorp Executive Reports Stock Transactions
SEC Form 4 Filing
Ellen Tulchiner, EVP at Berkshire Hills Bancorp, reports acquisition and disposal of common stock.
Summary
- Ellen Tulchiner, EVP, Head of Consumer Lending & Payments at Berkshire Hills Bancorp Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 3, 2025, Tulchiner acquired 1,179 shares of common stock upon vesting of restricted stock granted on January 30, 2022, at a price of $0.
- Also on March 3, 2025, Tulchiner disposed of 426 shares of common stock at a price of $28.11.
- Following these transactions, Tulchiner directly owns 753 shares of common stock.
- Tulchiner also indirectly owns 1,366 shares by Stock Award III and 659 shares by Stock Award II.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 01/30/2022 | Reporting person was granted 2,095 shares of restricted stock subject to a three-year cliff vesting schedule and subject to the satisfaction of certain performance criteria. |
| 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 Form 4 filing. |
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