Director at Beacon Financial (BBT) receives 2,509-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chang Joanne B. reported acquisition or exercise transactions in this Form 4 filing.
Beacon Financial Corp director Joanne B. Chang received a grant of 2,509 shares of common stock as restricted stock compensation. The award was granted at no cash cost to her and was issued under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan. After this grant, she directly holds 12,952 common shares. The restricted shares vest one year from the grant date, meaning she must remain in service through that period to fully earn the award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chang Joanne B.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,509 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 12,952 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 2,509 shares
Grant price: $0.0000 per share
Holdings after grant: 12,952 shares
+1 more
4 metrics
Restricted stock grant
2,509 shares
Common Stock award to director on June 16, 2026
Grant price
$0.0000 per share
Restricted stock grant under 2025 incentive plan
Holdings after grant
12,952 shares
Total Beacon Financial common stock held directly
Vesting period
One year from grant
Restricted stock vesting condition for award
Key Terms
Restricted stock shares, 2025 Beacon Financial Corporation Stock Option and Incentive Plan, vest, Grant, award, or other acquisition
4 terms
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."
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 Joanne B. Chang?
Beacon Financial Corp reported that director Joanne B. Chang received 2,509 shares of common stock as a restricted stock grant. The award was made at no cash cost to her under the 2025 Stock Option and Incentive Plan.
What are the vesting terms of Joanne B. Chang’s restricted stock grant at Beacon Financial Corp (BBT)?
The 2,509 restricted stock shares granted to Joanne B. Chang vest one year from the grant date. She must satisfy this one-year service condition for the shares to fully vest under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan.
Was cash paid for Joanne B. Chang’s Beacon Financial Corp (BBT) restricted stock grant?
No cash was paid for this award. The 2,509 restricted shares of Beacon Financial Corp common stock were granted at a price of $0.0000 per share as equity compensation under the company’s 2025 Stock Option and Incentive Plan.