Form 4: Brookline Bancorp CFO Disposes Shares Post-Merger

Brookline Bancorp's Co-President & CFO, Carl M. Carlson, disposed of all 156,695 common shares following the merger with Berkshire Hills Bancorp.

Summary

• Carl M. Carlson, Co-President & CFO of Brookline Bancorp Inc. (BRKL), reported a disposition of common stock.
• The transaction occurred on September 1, 2025, as a result of a merger.
• A total of 156,695 shares of Brookline Bancorp common stock were disposed of.
• Following this transaction, Carl M. Carlson holds 0 shares of Brookline Bancorp common stock.
• The disposition was pursuant to the Agreement and Plan of Merger between Brookline Bancorp, Inc. and Berkshire Hills Bancorp, Inc.
• Each share of Brookline Bancorp common stock was converted into the right to receive 0.42 shares of Berkshire Hills Bancorp common stock and cash in lieu of any fractional share.

Sentiment

Score: 5

Explanation: The filing is a factual report of a mandatory share disposition due to a merger, thus neutral in sentiment regarding the reporting person's actions.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

This filing reflects a completed merger within the banking sector, a common trend for consolidation and strategic alignment among financial institutions.

Stakeholder Impact

• Shareholders of Brookline Bancorp, including Carl M. Carlson, had their common stock converted into shares of Berkshire Hills Bancorp and cash for fractional shares as a result of the merger.

Key Dates

Keywords

Brookline Bancorp, BRKL, Berkshire Hills Bancorp, Merger, Form 4, Insider Transaction, Carl M. Carlson, CFO, Stock Disposition, Equity Conversion