Beacon Financial (BBT) GC Eagan Buckley Withholds 267 Shares

What Happened
Eagan John Buckley, General Counsel of Beacon Financial Corp (BBT), had 267 shares withheld to satisfy a tax liability related to an equity event. The shares were valued at $30.39 each, for a total of approximately $8,114. This transaction is coded "F" (payment of exercise price or tax liability) and represents shares retained by the company to cover taxes rather than an open-market sale.

Key Details

• Transaction date: 2026-09-01; filed with the SEC on 2026-09-02 (timely within Form 4 rules).
• Price per share: $30.39; Shares withheld/disposed: 267; Total value: approximately $8,114.
• Shares owned after the transaction: not specified in the provided filing summary.
• Footnote: The shares include restricted stock granted under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan (per footnote F1).
• Transaction type: F — tax withholding (routine disposition to satisfy tax obligations), not an open-market sale.

Context
Footnote detail implies these shares were from restricted stock awarded under the 2025 incentive plan; withholding shares to cover taxes upon vesting is a common, administrative action and does not necessarily indicate a change in the insider’s view of the company. This is not a purchase or a 10% owner transaction.