Michael Zaitzeff Sells 27,000 Shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Stock

Michael Zaitzeff, a former executive at Berkshire Hills Bancorp, Inc., recently sold 27,000 shares of the company's stock, NYSEBHLB. The sale was made on March 16, 2023, and was reported to the Securities and Exchange Commission (SEC).

Zaitzeff had previously served as the President and Chief Operating Officer of Berkshire Hills Bancorp, Inc., a regional bank headquartered in Pittsfield, Massachusetts. He left the company in 2019 after being named to the position of Executive Vice Chairman.

The sale of Zaitzeff's shares was made at an average price of $35.68 per share, resulting in a total proceeds of approximately $947,000. It is unclear why Zaitzeff sold his shares or what he plans to do with the proceeds.

Berkshire Hills Bancorp, Inc. is a regional bank that operates primarily in Massachusetts and New Hampshire. The company provides a range of banking services, including commercial and consumer banking, wealth management, and investment services. As of December 31, 2022, Berkshire Hills Bancorp, Inc. had assets of $14.5 billion and equity of $2.7 billion.