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Restricted stock grant lifts Beacon Financial (BBT) director holdings

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

Rhea-AI Filing Summary

SHERMAN MERRILL W reported acquisition or exercise transactions in this Form 4 filing.

Beacon Financial Corp director Merrill W. Sherman received a grant of 2,509 shares of restricted common stock on June 16, 2026 under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan. The shares vest one year from the grant date. After this award, Sherman holds 25,930 common shares directly.

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Insider SHERMAN MERRILL W
Role null
Type Security Shares Price Value
Grant/Award Common Stock 2,509 $0.00 --
Holdings After Transaction: Common Stock — 25,930 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Restricted shares granted 2,509 shares Restricted common stock grant on June 16, 2026
Price per granted share $0.0000 per share Stated transaction price for restricted stock award
Total shares after grant 25,930 shares Director’s direct holdings following the award
Vesting period One year Restricted shares vest one year from grant date
Transaction code A (Grant, award, or other acquisition) Indicates compensation-related stock award
Restricted stock shares financial
"Restricted stock shares granted pursuant to the 2025 Beacon Financial Corporation Stock Option and Incentive Plan."
Stock Option and Incentive Plan financial
"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"
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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*
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)
XDirector10% 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)
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 Stock06/16/2026A2,509(1)A$025,930D
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 one year from date of grant.
Remarks:
Merrill W. Sherman, 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 insider transaction did Beacon Financial Corp (BBT) report for Merrill W. Sherman?

Beacon Financial Corp reported that director Merrill W. Sherman received 2,509 restricted shares of common stock as a grant. The award was made at no cash cost per share and increases his direct holdings to 25,930 shares after the transaction.

How many Beacon Financial (BBT) shares does Merrill W. Sherman hold after this Form 4?

After the reported transaction, Merrill W. Sherman directly holds 25,930 shares of Beacon Financial common stock. This total includes the newly granted 2,509 restricted shares, which were awarded under the company’s 2025 Stock Option and Incentive Plan and will vest after one year.

What type of shares were granted to the Beacon Financial (BBT) director?

The director received restricted shares of Beacon Financial common stock. These restricted stock shares were granted pursuant to the 2025 Beacon Financial Corporation Stock Option and Incentive Plan and will vest in full one year from the date of grant, subject to plan terms.

Was the Merrill W. Sherman Beacon Financial (BBT) grant a market purchase or compensation award?

The transaction was a compensation-related award, not a market purchase. The Form 4 classifies it as a grant or award acquisition, with 2,509 restricted shares issued at a stated price of $0.0000 per share under the company’s 2025 Stock Option and Incentive Plan.

When do the new restricted shares for Beacon Financial (BBT) director vest?

The restricted stock shares granted to the director vest one year from the grant date. The Form 4 footnote specifies that all 2,509 restricted shares awarded under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan become fully vested after this one-year period.