Regional Bank CEO Sells 4,333 Shares As a Result of Tax Withholding
Shares were withheld automatically to cover tax obligations tied to restricted stock vesting, a non-discretionary event that doesn't signal any change in the executive's outlook.
Overview
Paul A. Perrault, President and CEO of Beacon Financial Corporation (NYSE:BBT), disposed of 4,333 shares of common stock on Sept. 1, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($30.39); post-transaction value based on Sept. 1, 2026, market close ($30.39).
Details
Beacon Financial Corporation is a regional bank holding company with a $2.6 billion market capitalization and approximately 1,972 employees, headquartered in Boston. The company maintains a diversified revenue model spanning traditional lending, deposit services, and wealth management, positioning itself as a comprehensive financial services provider for institutional and retail clients. With TTM revenue of $1.1 billion and net income of $113.8 million, Beacon demonstrates solid operational performance within the regional banking sector.
Source
Originally published at www.fool.com.