Chang Joanne B. 4

What Happened

• Joanne B. Chang, a director of Beacon Financial Corp (BBT), received an award of 2,509 restricted shares on June 16, 2026. The grant is reported at $0.00 per share (non‑cash award). The filing (Form 4) was submitted on June 24, 2026.

Key Details

• Transaction date: 2026-06-16; Form 4 filed: 2026-06-24 (filed 8 days after the transaction; later than the typical two-business-day deadline).
• Transaction type/code: Award/Grant (A).
• Shares granted: 2,509; reported price: $0.00; total reported cash value: $0.
• Vesting: These are restricted stock shares granted under the 2025 Beacon Financial Stock Option and Incentive Plan and vest one year from the grant date (per footnote).
• Shares owned after transaction: Not disclosed in the filing.
• No 10b5-1 plan, tax‑withholding, or sale components were reported in this Form 4.

Context

• This was a compensation/retention award (restricted stock), not an open‑market purchase or sale. Restricted shares typically cannot be sold until they vest, so this grant does not represent an immediate market bet by the director.
• The late filing affects timeliness for investors monitoring insider activity; it does not on its own indicate any specific motive.