Carlson Carl M 4

What Happened

• Carl M. Carlson, Chief Financial Officer and Chief Strategy Officer of Beacon Financial Corp (BBT), received two restricted stock awards on 2026-06-16: 5,167 shares (restricted stock) and 5,167 shares (performance-based restricted stock), for a total of 10,334 shares. Each award was granted at $0.00 per share (total value reported as $0 at grant). These are awards/compensation grants (A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-06-16; Form 4 filed: 2026-06-24 (filing appears late relative to the typical 2-business-day Form 4 deadline).
• Awards: two grants of 5,167 shares each (total 10,334 shares) at $0.00 per share.
• Vesting: one grant vests in three equal annual installments beginning one year from grant (F1); the other vests on the third anniversary contingent on performance metrics (F2). F3 notes these are grants under the 2025 Beacon Financial Stock Option and Incentive Plan.
• Shares owned after the transaction: not disclosed in the provided excerpt.

Context

• Restricted stock awards are compensation that generally remain subject to forfeiture until they vest; performance-based shares only vest if specified goals are met. These grants are routine executive compensation and do not represent an immediate market purchase or sale by the insider. The late filing may be a reporting compliance issue but does not change the nature of the awards.