Beacon Financial director granted 2,509 shares

Desai Mihir A. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Desai Mihir A. reported acquisition or exercise transactions in this Form 4 filing.

Beacon Financial Corp director Mihir A. Desai received a grant of 2,509 shares of Common Stock as restricted stock. The award was made under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan and carries no purchase price. The shares vest one year from the grant date, meaning Desai must remain in service through that period to fully earn them. After this award, Desai directly holds a total of 9,344 Beacon Financial Corp shares.

Insider Trade Summary

Grant/Award: 2,509 shares

Grant/Award 1 txn

Insider Desai Mihir A.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,509	$0.00	$0.00

Holdings After Transaction: Common Stock — 9,344 shares (Direct)

Footnotes (1)

1. F1. Restricted stock shares granted pursuant to the 2025 Beacon Financial Corporation Stock Option and Incentive Plan. The shares vest one year from date of grant.

Key Figures

Restricted stock grant: 2,509 shares Shares owned after grant: 9,344 shares Grant price per share: $0.0000 per share +1 more

4 metrics

Restricted stock grant 2,509 shares Common Stock granted to director on transaction date

Shares owned after grant 9,344 shares Total direct holdings following the reported transaction

Grant price per share $0.0000 per share Restricted stock award under 2025 Stock Option and Incentive Plan

Vesting period 1 year Restricted shares vest one year from the grant date

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Beacon Financial Corp (BBT) report for Mihir A. Desai?

Beacon Financial Corp reported that director Mihir A. Desai received 2,509 shares of Common Stock as a restricted stock grant. The award was made at no cost to him and reflects equity-based compensation for his board service.

How many Beacon Financial Corp (BBT) shares were granted in this Form 4 filing?

The Form 4 shows a grant of 2,509 shares of Beacon Financial Corp Common Stock to director Mihir A. Desai. These shares are classified as restricted stock and are part of his equity compensation from the company.

When do Mihir A. Desai’s restricted Beacon Financial (BBT) shares vest?

The restricted stock shares granted to Mihir A. Desai vest one year from the grant date. This means he must satisfy the one-year vesting requirement before the 2,509-share award becomes fully unrestricted and freely transferable.

What is Mihir A. Desai’s Beacon Financial (BBT) share ownership after this grant?

After the 2,509-share restricted stock grant, Mihir A. Desai directly holds 9,344 shares of Beacon Financial Corp Common Stock. This total includes the newly awarded restricted shares reported in the Form 4 filing.

Was the Beacon Financial (BBT) restricted stock grant to Mihir A. Desai a market purchase?

No, the reported transaction is a grant of restricted stock with a price per share of 0.0000. It represents a compensation award under the 2025 Stock Option and Incentive Plan, not an open-market share purchase by the director.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 06/24/2026 - 04:45 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Desai Mihir A.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/16/2026		A		2,509(1)	A	$0	9,344	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 one year from date of grant.

Remarks:

	Mihir Desai, by Marissa S. Martin, POA	06/24/2026
	** Signature of Reporting Person	Date
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)