PERRAULT PAUL A 4

What Happened Paul A. Perreault, President, CEO and a director of Beacon Financial Corporation (BBT), received two grants of restricted common stock on June 16, 2026: 18,174 shares as time‑based restricted stock and 18,174 shares as performance‑based restricted stock, for a total of 36,348 shares. Each grant was recorded at $0.00 per share (awarded compensation), so the reported acquisition value is $0. These are awards (transaction code A), not open‑market purchases or sales.

Key Details

• Transaction date: 2026-06-16; Filing date: 2026-06-24 (filed 8 days after the transaction).
• Price: $0.00 per share; Total shares granted: 36,348 (18,174 time‑based + 18,174 performance‑based).
• Shares owned after the transaction: not disclosed in the filing.
• Footnotes: F1 — time‑based restricted shares vest in three equal annual installments beginning one year from grant; F2 — performance‑based restricted shares vest on the third anniversary subject to performance metrics; F3 — notes these are under the 2025 Beacon Financial Stock Option and Incentive Plan.
• Timeliness: The Form 4 was filed 8 days after the grant date; Form 4s are typically due within two business days, so this appears to be a late filing.

Context These awards are company compensation and retention grants, not purchases or sales. Time‑based restricted shares vest over several years, while performance‑based shares require meeting specific metrics before vesting; neither represents immediate cash spent by the insider nor an open‑market signal. Retail investors should view this as executive compensation disclosure rather than a direct buy/sell endorsement.