Beacon Financial (BBT) 10% owner awarded 8,840 restricted shares
Rhea-AI Filing Summary
Meiklejohn Mark J. reported acquisition or exercise transactions in this Form 4 filing.
Beacon Financial Corp Chief Credit Officer Mark J. Meiklejohn reported receiving two grants of 4,420 shares each of common stock as awards, not open-market purchases. One grant is restricted stock that vests in three equal annual installments starting one year after the grant date. The other is performance-based restricted stock that vests on the third anniversary of the grant date if specified performance metrics are met. Following these awards, his direct holdings are reported as 57,602 shares in one line and 53,182 shares in another, both figures including restricted stock granted under the 2025 Stock Option and Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,420 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 4,420 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. Includes shares of restricted stock granted pursuant to the 2025 Beacon Financial Corporation Stock Option and Incentive Plan.
Key Figures
Key Terms
Restricted stock financial
Performance based restricted stock financial
Stock Option and Incentive Plan financial
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