Desai Mihir A. 4

What Happened

• Mihir A. Desai, a director of Beacon Financial Corp (BBT), received a grant of 2,509 restricted shares on 2026-06-16. The shares were awarded at $0.00 per share (total reported value $0) as compensation under the company's equity plan. This is an award/grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-16; Form 4 filed: 2026-06-24 (filed after the transaction date).
• Grant: 2,509 shares at $0.00 per share (reported value $0).
• Shares owned after transaction: not disclosed in the provided summary filing.
• Footnote: Shares were granted under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan and vest one year from the grant date (footnote F1).
• Filing timeliness: The Form 4 was filed eight days after the transaction date, which is later than the standard two-business-day reporting window — reducing near-term transparency.

Context

• Restricted stock awards are typically compensation and vest over time; they do not represent an immediate cash purchase or sale and do not necessarily signal a bullish or bearish personal investment decision. For retail investors, outright purchases by insiders often carry clearer near-term sentiment signals than routine compensation grants.