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

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

Rhea-AI Filing Summary

Carlson Carl M reported acquisition or exercise transactions in this Form 4 filing.

Beacon Financial Corp reported that CFO & Chief Strategy Officer Carl M. Carlson received two stock awards of common shares as equity compensation. Each award covers 5,167 restricted shares granted under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan at no cash cost to him.

One 5,167-share grant is time-based restricted stock that vests in three equal annual installments starting one year after the grant date. The second 5,167-share grant is performance-based restricted stock that vests on the third anniversary of the grant date, depending on specified performance metrics.

Positive

  • None.

Negative

  • None.
Insider Carlson Carl M
Role CFO & Chief Strategy Officer
Type Security Shares Price Value
Grant/Award Common Stock 5,167 $0.00 --
Grant/Award Common Stock 5,167 $0.00 --
Holdings After Transaction: Common Stock — 80,857 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 5,167 shares Common Stock, grants under 2025 Stock Option and Incentive Plan
Performance-based restricted stock grant 5,167 shares Common Stock, vests on third anniversary based on performance metrics
Post-grant holdings (entry 1) 86,024 shares Total common shares owned directly after first grant
Post-grant holdings (entry 2) 80,857 shares Total common shares owned directly after second grant
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."
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."
performance based metrics financial
"The shares vest on the third anniversary of the date of grant based on certain performance based metrics."
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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*
Carlson Carl M
(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)
CFO & Chief Strategy 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 Stock06/16/2026A5,167(1)A$080,857D
Common Stock06/16/2026A5,167(2)A$086,024(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:
Carl M. Carlson, 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 did Beacon Financial Corp (BBT) report in Carl Carlson’s latest Form 4?

Beacon Financial Corp reported that CFO & Chief Strategy Officer Carl M. Carlson received two equity grants of 5,167 common shares each. These are restricted stock and performance-based restricted stock awards under the 2025 Stock Option and Incentive Plan.

How many Beacon Financial Corp (BBT) shares did Carl Carlson acquire in this filing?

Carl Carlson acquired two awards of 5,167 Beacon Financial Corp common shares, totaling 10,334 shares. Both awards were recorded with a zero dollar price, reflecting compensation grants rather than open-market purchases for cash.

What are the vesting terms of Carl Carlson’s time-based restricted stock at Beacon Financial Corp (BBT)?

The time-based restricted stock grant of 5,167 shares vests in three equal annual installments. Vesting begins one year from the grant date, with remaining installments on each of the next two anniversaries, subject to the plan’s standard conditions.

How do Carl Carlson’s performance-based restricted stock awards at Beacon Financial Corp (BBT) vest?

The performance-based restricted stock grant of 5,167 shares vests on the third anniversary of the grant date. Actual vesting depends on achieving specified performance-based metrics defined under the 2025 Stock Option and Incentive Plan.

Were Carl Carlson’s Beacon Financial Corp (BBT) stock awards open-market purchases?

No. Both transactions are classified as grants or awards with a transaction code “A” and a price of $0.0000 per share. They represent equity compensation, not open-market stock purchases or sales for cash consideration.

What plan governs Carl Carlson’s new Beacon Financial Corp (BBT) stock awards?

Both grants were made under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan. The plan provides for restricted stock and performance-based restricted stock awards with specified vesting schedules and performance conditions.