Form 4: Brookline Bancorp Director Converts Shares Post-Merger

Brookline Bancorp Director Thomas J. Hollister reported the conversion of all his Brookline common stock into Berkshire Hills Bancorp shares following a merger on September 1, 2025.

Summary

• Director Thomas J. Hollister reported the disposal of all his beneficial ownership in Brookline Bancorp Inc. common stock.
• This transaction occurred on September 1, 2025, as a result of the merger between Brookline Bancorp Inc. and Berkshire Hills Bancorp, Inc.
• A total of 62,366 shares of Brookline common stock were converted.
• Directly owned shares converted: 52,266.
• Indirectly owned shares converted via Thomas J. Hollister IRA: 7,800.
• Indirectly owned shares converted via The Thomas J. Hollister Trust: 2,300.
• Each share of Brookline common stock was converted into the right to receive 0.42 shares of Berkshire common stock and cash in lieu of any fractional share.
• Following the transaction, Thomas J. Hollister beneficially owns 0 shares of Brookline Bancorp Inc.

Sentiment

Score: 7

Explanation: The filing reports the expected completion of a merger, which is a planned strategic event. It is a factual report of share conversion, not an operational update, indicating successful execution of a strategic move.

Positives

• The successful completion of a strategic merger for Brookline Bancorp shareholders, converting their holdings into shares of the acquiring entity, Berkshire Hills Bancorp.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4, which reports a completed transaction.

Industry Context

This transaction represents a consolidation event within the banking sector, where regional banks often merge to achieve greater scale, market share, or operational efficiencies.

Stakeholder Impact

• Shareholders of Brookline Bancorp: Their shares were converted into Berkshire Hills Bancorp shares and cash for fractional shares.
• Reporting Person (Thomas J. Hollister): His direct and indirect holdings in Brookline Bancorp were converted into shares of Berkshire Hills Bancorp.

Key Dates

Keywords

Brookline Bancorp, BRKL, Berkshire Hills Bancorp, Merger, Acquisition, Form 4, Insider Transaction, Stock Conversion, Thomas J. Hollister, Financial Services, Banking