Beacon Financial Corp (BBT) director receives 2,509 restricted stock shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Maxfield Sylvia reported acquisition or exercise transactions in this Form 4 filing.
Beacon Financial Corp director Maxfield Sylvia received a grant of 2,509 shares of restricted common stock. The award was made at no cash cost per share under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan and will vest one year from the grant date.
After this grant, Sylvia directly holds 13,993 common shares. This is a routine compensation-related equity award rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Maxfield Sylvia
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,509 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 13,993 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted shares granted: 2,509 shares
Price per granted share: $0.0000 per share
Shares owned after grant: 13,993 shares
+2 more
5 metrics
Restricted shares granted
2,509 shares
Common Stock grant on June 16, 2026
Price per granted share
$0.0000 per share
Restricted stock award, non-cash compensation
Shares owned after grant
13,993 shares
Total direct common stock holdings after transaction
Transaction code
A
Grant, award, or other acquisition of non-derivative security
Transaction direction
acquire
Equity award increasing director’s holdings
Key Terms
Restricted stock, Stock Option and Incentive Plan, vest, Grant, award, or other acquisition
4 terms
Restricted stock financial
"Restricted stock shares granted pursuant to the 2025 Beacon Financial Corporation Stock Option and Incentive Plan."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Stock Option and Incentive Plan financial
"Restricted stock shares granted pursuant to the 2025 Beacon Financial Corporation Stock Option and Incentive Plan."
vest financial
"The shares vest one year from date of grant."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did Beacon Financial Corp (BBT) report for Maxfield Sylvia?
Beacon Financial reported that director Maxfield Sylvia received 2,509 shares of restricted common stock as a grant. The award came at no cash cost per share and is part of the company’s equity compensation, increasing Sylvia’s direct holdings to 13,993 shares.
Is Maxfield Sylvia’s Form 4 transaction in BBT stock a purchase or an award?
The Form 4 shows an award, not an open-market purchase. Code “A” and the footnote indicate a grant of 2,509 restricted shares under the 2025 Stock Option and Incentive Plan, issued as compensation rather than bought in the market.