Form 4: Brookline Bancorp Officer Disposes Shares Post-Merger

Brookline Bancorp's Chief Human Resources Officer, Janytra M. Brooks, disposed of all 36,911 common shares following the merger with Berkshire Hills Bancorp on September 1, 2025.

Summary

• Janytra M. Brooks, Chief Human Resources Officer of Brookline Bancorp Inc., reported a disposition of common stock.
• The transaction occurred on September 1, 2025, as a result of the Agreement and Plan of Merger.
• A total of 36,911 shares of Brookline Bancorp common stock were disposed of.
• Each share of Brookline Bancorp common stock was converted into the right to receive 0.42 shares of Berkshire common stock and cash in lieu of any fractional shares.
• Following this transaction, Janytra M. Brooks beneficially owns 0 shares of Brookline Bancorp common stock.
• The reporting person is no longer subject to Section 16 reporting obligations for Brookline Bancorp Inc.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual report of a completed transaction (merger-related share conversion) and does not introduce new positive or negative information beyond the merger itself.

Positives

• The filing confirms the successful completion of the merger between Brookline Bancorp, Inc. and Berkshire Hills Bancorp, Inc.

Negatives

• Janytra M. Brooks, the Chief Human Resources Officer, no longer holds any common stock in Brookline Bancorp Inc. following the merger, indicating the cessation of her direct equity stake in the acquired entity.

Future Outlook

The filing does not provide any forward-looking statements or guidance, as it reports a completed transaction related to a merger.

Industry Context

This filing reflects a completed merger in the banking sector, a common trend among regional banks seeking scale and efficiency. The acquisition of Brookline Bancorp by Berkshire Hills Bancorp, Inc. represents a consolidation event.

Comparison to Industry Standards

• The reported insider transaction is a standard procedural filing following the completion of a corporate merger, where shares of the acquired entity are converted into shares of the acquiring entity, consistent with industry practices for such events.

Stakeholder Impact

• Shareholders of Brookline Bancorp Inc. had their common stock converted into shares of Berkshire Hills Bancorp, Inc. and cash for fractional shares, as per the merger agreement.

Key Dates

Keywords

Brookline Bancorp, BRKL, Berkshire Hills Bancorp, Merger, Form 4, Insider Transaction, Share Disposition, Janytra M. Brooks, Chief Human Resources Officer, Stock Conversion