Beacon Financial (BBT) COO granted time-based and performance stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gray Sean reported acquisition or exercise transactions in this Form 4 filing.
Beacon Financial Corp Chief Operations Officer Sean Gray reported equity awards and updated holdings in common stock. On June 16, 2026, he received 5,167 shares of restricted stock and an additional 5,167 performance-based restricted stock shares under the 2025 Stock Option and Incentive Plan at no cash cost.
The time-based restricted shares vest in three equal annual installments starting one year from the grant date. The performance-based restricted shares vest on the third anniversary of the grant, based on specified performance metrics. The filing also reflects 2,762 shares held indirectly through a 401(k) plan, reported as a holding entry rather than a market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Gray Sean
Role
Chief Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,167 | $0.00 | -- |
| Grant/Award | Common Stock | 5,167 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 128,908 shares (Direct, null);
Common Stock — 2,762 shares (Indirect, By 401(k))
Footnotes (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.
Key Figures
Time-based restricted stock grant: 5,167 shares
Performance-based restricted stock grant: 5,167 shares
Direct shares after one grant entry: 134,075 shares
+4 more
7 metrics
Time-based restricted stock grant
5,167 shares
Common Stock grant on June 16, 2026 at $0.0000 per share
Performance-based restricted stock grant
5,167 shares
Common Stock grant on June 16, 2026 at $0.0000 per share
Direct shares after one grant entry
134,075 shares
Total common shares directly owned following one acquisition entry
Direct shares after other grant entry
128,908 shares
Total common shares directly owned following the second acquisition entry
Indirect 401(k) holdings
2,762 shares
Common Stock held indirectly by 401(k) as of June 16, 2026
Grant vesting schedule (time-based)
3 equal installments
Annual vesting starting one year from grant date for restricted stock
Grant vesting schedule (performance-based)
3rd anniversary
Performance-based restricted stock vests on third anniversary based on metrics
Key Terms
restricted stock, performance based restricted stock shares, 2025 Beacon Financial Corporation Stock Option and Incentive Plan, 401(k), +1 more
5 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.
2025 Beacon Financial Corporation Stock Option and Incentive Plan financial
"Restricted stock shares granted pursuant to the 2025 Beacon Financial Corporation Stock Option and Incentive Plan."
401(k) financial
"By 401(k)"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
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 Sean Gray?
Beacon Financial Corp reported that Chief Operations Officer Sean Gray received two equity awards of 5,167 common shares each as restricted stock grants on June 16, 2026, under the 2025 Stock Option and Incentive Plan, with no cash paid per share.
How do the new restricted stock awards at Beacon Financial Corp (BBT) vest?
The time-based restricted stock vests in three equal annual installments starting one year from the grant date. The performance-based restricted stock vests on the third anniversary, with vesting dependent on specified performance metrics described for the 2025 Stock Option and Incentive Plan.
What is the 2025 Beacon Financial Corp (BBT) Stock Option and Incentive Plan mentioned?
The 2025 Stock Option and Incentive Plan is Beacon Financial Corp’s equity compensation program. Under this plan, Sean Gray received both time-based and performance-based restricted stock awards, and the filing notes that his holdings include shares granted pursuant to this plan.
Does the Beacon Financial Corp (BBT) Form 4 show any open-market buying or selling by Sean Gray?
The Form 4 does not show open-market buys or sells. It reports grant or award acquisitions of restricted stock at $0.0000 per share and a 401(k) holding entry, indicating compensation-related equity awards and retirement plan holdings, not discretionary trading in the market.