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Beacon Financial Corp (BBT) CMO receives time- and performance-based stock awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Levante Gary R. reported acquisition or exercise transactions in this Form 4 filing.

Beacon Financial Corp Chief Marketing Officer receives equity awards. Levante Gary R., the Chief Marketing Officer of Beacon Financial Corp, was granted two awards of common stock, each covering 2,164 shares at no cash cost to him.

One grant consists of restricted stock under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan that vests in three equal annual installments starting one year after the grant date. The second grant is performance-based restricted stock under the same plan, vesting on the third anniversary of the grant date if specified performance metrics are achieved.

Positive

  • None.

Negative

  • None.
Insider Levante Gary R.
Role Chief Marketing Officer
Type Security Shares Price Value
Grant/Award Common Stock 2,164 $0.00 --
Grant/Award Common Stock 2,164 $0.00 --
Holdings After Transaction: Common Stock — 8,658 shares (Direct, null)
Footnotes (1)
  1. Restricted stock shares granted pursuant to the 2025 Beacon Financial Corporation Stock Option and Incentive Plan. The shares vest in three equal installments on an annual basis, commencing one year from the date of grant. Performance based restricted stock shares granted pursuant to the 2025 Beacon Financial Corporation Stock Option and Incentive Plan. The shares vest on the third anniversary of the date of grant based on certain performance based metrics. Includes shares of restricted stock granted pursuant to the 2025 Beacon Financial Corporation Stock Option and Incentive Plan.
Time-based restricted stock grant 2,164 shares of common stock Granted on 2026-06-16 under 2025 Stock Option and Incentive Plan; vests in three equal annual installments
Performance-based restricted stock grant 2,164 shares of common stock Granted on 2026-06-16; vests on third anniversary based on performance metrics
Total shares granted 4,328 shares of common stock Sum of time-based and performance-based restricted stock awards granted as compensation
Grant price per share $0.00 per share Equity awards granted with no cash paid by the reporting person
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.
performance based restricted stock financial
"Performance based restricted stock shares granted pursuant to the 2025 Beacon Financial Corporation Stock Option and Incentive Plan."
Stock Option and Incentive Plan financial
"granted pursuant to the 2025 Beacon Financial Corporation Stock Option and Incentive Plan."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Levante Gary R.
(Last)(First)(Middle)
131 CLARENDON STREET
(Street)
BOSTON MASSACHUSETTS 02116
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Beacon Financial Corp [ BBT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Marketing Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/16/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/16/2026A2,164(1)A$08,658D
Common Stock06/16/2026A2,164(2)A$010,822(3)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Restricted stock shares granted pursuant to the 2025 Beacon Financial Corporation Stock Option and Incentive Plan. The shares vest in three equal installments on an annual basis, commencing one year from the date of grant.
2. Performance based restricted stock shares granted pursuant to the 2025 Beacon Financial Corporation Stock Option and Incentive Plan. The shares vest on the third anniversary of the date of grant based on certain performance based metrics.
3. Includes shares of restricted stock granted pursuant to the 2025 Beacon Financial Corporation Stock Option and Incentive Plan.
Remarks:
Gary R. Levante by Marissa S. Martin, P.O.A.06/24/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Beacon Financial Corp (BBT) report for Levante Gary R.?

Beacon Financial Corp reported that Chief Marketing Officer Levante Gary R. received two grants of common stock. Each grant covers 2,164 shares awarded at no cash cost as part of the company’s 2025 Stock Option and Incentive Plan.

How many Beacon Financial Corp (BBT) shares were granted to the CMO on this Form 4?

The Form 4 shows two separate awards to the CMO, each covering 2,164 shares of Beacon Financial Corp common stock. In total, 4,328 shares were granted as equity compensation rather than open-market purchases.

What are the vesting terms for the restricted stock granted by Beacon Financial Corp (BBT)?

One 2,164-share award is time-based restricted stock that vests in three equal annual installments. Vesting begins one year after the grant date under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan.

How do the performance-based restricted shares for Beacon Financial Corp (BBT) vest?

The performance-based restricted stock grant of 2,164 shares vests on the third anniversary of the grant date. Vesting depends on achieving certain performance-based metrics defined under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan.

Did the Beacon Financial Corp (BBT) CMO buy or sell shares in the market?

The Form 4 does not show any open-market buying or selling by the CMO. Instead, it reports equity awards of common stock granted at a price of $0.00 per share as part of compensation.

What plan governs the equity awards disclosed for Beacon Financial Corp (BBT)?

Both the time-based and performance-based restricted stock awards were granted under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan. This plan provides the framework for the company’s stock-based compensation to executives and employees.