NOWAK BOGDAN 4

What Happened
Bogdan Nowak, a director of Beacon Financial Corp (BBT), was granted 2,509 restricted shares on 2026-06-16. The Form 4 reports the acquisition as 2,509 shares at $0.00 per share (aggregate $0), coded as an award/grant (transaction code A). This is a compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-16; reported on Form 4 filed 2026-06-24 (filed after the transaction date).
• Price: $0.00 per share; aggregate reported value $0.
• Shares granted: 2,509 restricted shares under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan (see footnote).
• Vesting: The shares vest one year from the grant date (per footnote).
• Shares owned after transaction: Not specified in the provided details.
• Timeliness: The Form 4 was filed eight days after the transaction date (more than the usual two-business-day reporting window), which is later than standard SEC timeliness expectations.

Context
Restricted stock awards are a form of compensation intended for retention and do not represent an immediate open-market purchase or sale. Because these shares vest in one year, they may align the director’s interests with long-term shareholder value, but they do not necessarily signal a personal market-driven buy. The late filing reduces near-term transparency but does not change the nature of the grant itself.