Michael Zaitzeff - Feb 9, 2024 Form 4 Insider Report for BERKSHIRE HILLS BANCORP INC (BHLB)

Role
Director
Signature
/s/ Michael Zaitzeff
Stock symbol
BHLB
Transactions as of
Feb 9, 2024
Transactions value $
-$1,552,244
Form type
4
Date filed
2/13/2024, 06:41 PM
Previous filing
Feb 8, 2024
Next filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHLB Common Stock Sale -$471K -20.7K -11.71% $22.74 156K Feb 9, 2024 VM GP VII F1, F2, F6
transaction BHLB Common Stock Sale -$671K -29.1K -18.6% $23.09 127K Feb 12, 2024 VM GP VII F2, F3, F6
transaction BHLB Common Stock Sale -$410K -18.7K -14.71% $21.93 108K Feb 13, 2024 VM GP VII F2, F4, F6
holding BHLB Common Stock 2.6K Feb 9, 2024 By Stock Award IV F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.7217 to $22.7400. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 Securities of the Issuer beneficially owned directly by VM GP VII LLC ("VM GP VII"). The Reporting Person, as a managing member of VM GP VII, may be deemed the beneficial owner of the securities of the Issuer beneficially owned by VM GP VII.
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.0600 to $23.1561. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.8800 to $22.1565. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2018 Equity Compensation Plan vest 100% on January 30, 2025.
F6 The Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.