Beacon Financial (BBT) CEO Paul Perrault Sells 4,333 Shares

What Happened
Paul A. Perrault, President, CEO and a director of Beacon Financial Corporation (BBT), had 4,333 shares disposed on 2026-09-01 to satisfy a tax liability associated with equity awards. The shares were valued at $30.39 each, for a total of about $131,680. This transaction is reported as a tax-withholding disposition rather than an open-market sale.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-02 (timely filing).
• Disposition: 4,333 shares at $30.39 per share; total ≈ $131,680. Transaction code: F (payment of exercise price or tax liability / share withholding).
• Shares owned after transaction: not specified in the provided excerpt.
• Footnote: F1 notes these include restricted stock granted under the 2025 Beacon Financial Corp Stock Option and Incentive Plan.
• No 10b5-1 plan or other trading plan was reported in the provided details.

Context
This appears to be a routine tax-withholding transaction tied to restricted stock (per the footnote), meaning shares were surrendered/withheld to cover tax obligations rather than sold as a discretionary market sale. Such withholding transactions are common after equity awards and do not necessarily signal insider sentiment about the company.