Pereira John M. 4
Research Summary
AI-generated summary
Beacon Financial (BBT) Director John M. Pereira Receives 2,509-Share Award
What Happened
- John M. Pereira, a director of Beacon Financial Corp (BBT), received an award of 2,509 restricted shares on 2026-06-16. The shares were issued at $0.00 (listed acquisition value $0) under the company’s equity plan.
Key Details
- Transaction date: 2026-06-16 (reported on Form 4 filed 2026-06-24).
- Transaction type/code: Award/Grant (A); price reported $0.00; acquisition amount 2,509 shares.
- Vesting/footnote: Shares are restricted stock granted under the 2025 Beacon Financial Corp Stock Option and Incentive Plan and vest one year from the grant date.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Timeliness: Filing was submitted on 2026-06-24 for a 2026-06-16 transaction (filed late relative to the typical two-business-day Form 4 deadline).
Context
- This was a grant of restricted stock (compensation), not an open-market purchase or sale—such awards are common for directors and typically vest over time. The award itself does not indicate a buy or sell sentiment and becomes relevant to owners when/if shares vest or are disposed.