Form 4: Beacon Financial CEO Awarded 17,921 Restricted Shares

Beacon Financial Corporation's President and CEO, Paul A. Perrault, received a grant of 17,921 restricted stock shares as part of the company's 2025 Stock Option and Incentive Plan.

Summary

• Paul A. Perrault, President and CEO, and a Director of Beacon Financial Corp (BBT), acquired 17,921 shares of common stock.
• The transaction occurred on September 19, 2025, and involved restricted stock shares granted under the Beacon Financial Corporation 2025 Stock Option and Incentive Plan.
• The shares were acquired at a price of $0 per share, which is typical for restricted stock grants.
• These restricted shares will vest in two equal annual installments, commencing on September 1, 2026.
• Following this transaction, Paul A. Perrault directly beneficially owns 222,301 shares of common stock.
• Additionally, Paul A. Perrault indirectly beneficially owns 31,500 shares of common stock through Paul A. Perrault GRAT #3.

Sentiment

Score: 6

Explanation: The grant of restricted stock to the President and CEO is a standard executive compensation practice, aligning management's interests with shareholder value creation through future vesting. This is generally viewed as a neutral to slightly positive event for corporate governance and incentive alignment.

Positives

• The grant of restricted stock aligns the interests of the President and CEO, Paul A. Perrault, with those of shareholders, as the value of his compensation is tied to the company's stock performance.
• The vesting schedule over two years encourages long-term commitment and performance from the executive.

Future Outlook

The restricted stock shares granted to Paul A. Perrault are scheduled to vest in two equal annual installments, with the first installment commencing on September 1, 2026, indicating a future incentive structure tied to company performance.

Industry Context

The grant of restricted stock to a senior executive like the President and CEO is a common practice in the financial services industry and broader corporate landscape. It serves as a key component of executive compensation packages, aiming to incentivize long-term performance and align management's financial interests with those of the company's shareholders.

Comparison to Industry Standards

• The filing does not provide sufficient information regarding the total compensation package or performance metrics to allow for a specific comparison to executive compensation standards at comparable financial institutions or projects.

Stakeholder Impact

• Shareholders: The grant of restricted stock to the CEO is intended to align management's long-term interests with shareholder value creation, potentially leading to improved company performance.
• Employees: While not directly impacting all employees, executive compensation structures can influence overall company culture and incentive programs.

Next Steps

• The restricted stock shares will vest in two equal annual installments, with the first installment occurring on September 1, 2026.

Key Dates

Recommendation

This Form 4 reports a routine restricted stock grant to the CEO, which is a standard component of executive compensation designed to align management incentives with long-term shareholder value. While positive for governance, this single transaction does not provide sufficient new information to alter an existing investment thesis or warrant a strong buy/sell recommendation.

Keywords

Beacon Financial Corp, BBT, Paul A. Perrault, Restricted Stock, Stock Option Plan, Executive Compensation, Insider Transaction, Form 4, Corporate Governance