Beacon Financial (BBT) CFO Carl M. Carlson Sells 1,314 Shares (Tax Withholding)

What Happened
Carl M. Carlson, CFO & Chief Strategy Officer of Beacon Financial Corporation (BBT), had 1,314 shares disposed on 2026-09-01 to satisfy a tax obligation. The shares were reported at $30.39 each, for a total value of $39,932. This transaction is a tax-withholding/disposition (code F), not a discretionary open-market sale.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-02 (timely).
• Disposed: 1,314 shares at $30.39 per share — total value $39,932.
• Transaction code: F — payment of exercise price or tax liability (shares withheld/surrendered).
• Footnote: F1 indicates these include restricted stock granted under the 2025 Beacon Financial Stock Option and Incentive Plan.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context
Code F transactions typically reflect shares withheld or surrendered to cover taxes upon vesting or exercise (a common administrative step) rather than a sale intended to monetize holdings. Such withholdings generally do not signal a change in insider sentiment about the company.