Chang Joanne B. 4

What Happened
Joanne B. Chang, a director of Beacon Financial Corp (BBT), was granted 2,509 restricted shares on June 16, 2026 at $0.00 per share (total reported value $0). This was an award/grant of restricted stock (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-16; price reported: $0.00 per share; total reported value: $0.
• Filing date: 2026-06-24 — the Form 4 was filed 8 days after the transaction (appears late vs. the usual two-business-day deadline).
• Shares owned after transaction: not specified in the provided filing.
• Footnote: F1 — shares granted under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan; shares vest one year from the grant date.
• Transaction type: Award/Grant of restricted stock (code A).

Context
Restricted stock awards are typically compensation and carry a vesting schedule (here, one year), meaning the shares are not immediately freely tradable. Such grants indicate the insider acquired shares through company compensation rather than making a market purchase; they should be interpreted as routine compensation unless accompanied by other insider buying or selling. The delayed filing reduces timeliness for investors assessing insider activity.