Beacon Financial director gifts 23,421 shares to trust

Beacon Financial Corp (BBT) director Merrill W. Sherman reported two bona fide gift transactions of common stock.

Rhea-AI Filing Summary

Beacon Financial Corp (BBT) director Merrill W. Sherman reported two bona fide gift transactions of common stock. On 2026-08-19, Sherman disposed of 23,421 shares of directly held stock at a reported price of $0.0000 per share, leaving 2,509 direct shares, which a note describes as restricted shares granted under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan that vest one year from the grant date. On the same date, an associated trust, The Merrill W. Sherman Trust - 2017, acquired 23,421 shares as an indirect holding via gift, bringing that trust’s reported indirect position to 23,421 shares.

Insider Trade Summary

46,842 shares gifted

Gift 2 txns

Insider SHERMAN MERRILL W

Role Director

Type	Security	Shares	Price	Value
Gift	Common Stock F1	23,421	$0.00	$0.00
Gift	Common Stock	23,421	$0.00	$0.00

Holdings After Transaction: Common Stock — 2,509 shares (Direct); Common Stock — 23,421 shares (Indirect, The Merrill W. Sherman Trust - 2017)

Footnotes (1)

1. F1. Restricted 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

Gifted shares (each leg): 23,421 shares Total gift shares: 46,842 shares Direct holdings after transaction: 2,509 shares +2 more

5 metrics

Gifted shares (each leg) 23,421 shares Common Stock transferred in each bona fide gift transaction on 2026-08-19

Total gift shares 46,842 shares Aggregate giftShares reported in transactionSummary

Direct holdings after transaction 2,509 shares Common Stock directly held by Merrill W. Sherman after the 2026-08-19 disposition

Indirect holdings after transaction 23,421 shares Common Stock held indirectly through The Merrill W. Sherman Trust - 2017 after acquisition

Reported transaction price $0.0000 per share Price field for the 23,421-share disposition coded as a bona fide gift

Key Terms

bona fide gift, indirect ownership, restricted shares, Stock Option and Incentive Plan

4 terms

bona fide gift financial

"transaction_code_description: Bona fide gift"

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

indirect ownership financial

"Common Stock held with ownership_type labeled as indirect"

restricted shares financial

"Restricted shares granted pursuant to the 2025 Beacon Financial Corporation Stock Option"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

Stock Option and Incentive Plan financial

"granted pursuant to the 2025 Beacon Financial Corporation Stock Option and Incentive Plan"

FAQ

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

What insider transactions did Merrill W. Sherman report in this Form 4 for BBT?

Merrill W. Sherman reported two bona fide gift transactions in Beacon Financial Corp common stock on 2026-08-19, involving a 23,421-share disposition from direct ownership and a corresponding 23,421-share acquisition by an associated trust as an indirect holding.

How many Beacon Financial Corp (BBT) shares did Merrill W. Sherman transfer on 2026-08-19?

The filing shows a total of 46,842 gift shares across two transactions, consisting of a 23,421-share disposition of directly held common stock and a 23,421-share acquisition by The Merrill W. Sherman Trust - 2017 as an indirect holding.

What are Merrill W. Sherman’s direct Beacon Financial Corp (BBT) holdings after the reported transactions?

Following the 2026-08-19 transactions, Merrill W. Sherman reports 2,509 shares of Beacon Financial Corp common stock held directly. A footnote states these are restricted shares granted under the 2025 Stock Option and Incentive Plan that vest one year from the grant date.

What indirect ownership in BBT does The Merrill W. Sherman Trust - 2017 report after the Form 4 transactions?

The Merrill W. Sherman Trust - 2017 reports 23,421 shares of Beacon Financial Corp common stock as an indirect holding after acquiring those shares via a bona fide gift on 2026-08-19, according to the Form 4 transaction data for indirect ownership.

Were the reported BBT insider transactions classified as purchases or sales?

The transactions are coded as G (bona fide gift), not open-market purchases or sales. One entry shows a disposition of 23,421 directly held shares, while the other shows an acquisition of 23,421 shares by an associated trust as an indirect holding.

What does the Form 4 say about the restricted BBT shares held by Merrill W. Sherman?

A footnote explains that certain direct holdings are restricted shares granted under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan, and that these restricted shares vest one year from the date of grant, indicating a time-based vesting schedule.

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 08/19/2026 - 03:13 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^*

SHERMAN MERRILL W

(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)
08/19/2026

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	08/19/2026		G		23,421	D	$0	2,509(1)	D
Common Stock	08/19/2026		G		23,421	A	$0	23,421	I	The Merrill W. Sherman Trust - 2017

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

Remarks:

	Merrill W. Sherman, by Marissa S. Martin, P.O.A.	08/19/2026
	** 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)