Form 4: Brookline Bancorp CEO Disposes Shares

Brookline Bancorp's Chairman & CEO, Paul A. Perrault, reported the disposition of 21,637 common shares for tax withholding purposes.

Summary

• Paul A. Perrault, Chairman & CEO of Brookline Bancorp Inc. (BRKL), reported transactions on August 2, 2025.
• Perrault disposed of a total of 21,637 common shares at a price of $10.28 per share.
• These dispositions were made to satisfy tax withholding obligations related to the vesting of performance-based restricted stock shares.
• The shares were granted under the Brookline Bancorp, Inc. 2021 Stock Option and Incentive Plan and vest on the third anniversary of the grant date based on performance metrics.
• Following these transactions, Perrault directly beneficially owns 527,578 common shares.
• Additionally, Perrault indirectly owns 4,163 shares via an ESOP and 75,000 shares via Paul A. Perrault GRAT #3.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares for tax withholding upon vesting of restricted stock, which is a neutral event. It does not indicate a change in management's view of the company's prospects.

Negatives

• Direct beneficial ownership of common shares decreased by 21,637 shares due to dispositions for tax withholding.

Future Outlook

NA

Industry Context

This is a routine insider transaction filing, common across all industries for executives receiving equity compensation. It does not provide specific industry context.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but the overall beneficial ownership remains substantial. This is a routine tax-related transaction and not indicative of a lack of confidence.

Key Dates

Keywords

Brookline Bancorp, BRKL, Paul A. Perrault, SEC Form 4, Insider Trading, Stock Disposition, Restricted Stock, Tax Withholding, CEO, Financial Services, Banking