Beacon Financial CEO Sells Shares to Cover Tax Obligations
Paul A. Perrault, President and CEO of Beacon Financial Corporation (NYSE:BBT), sold 4,333 shares on September 1, 2026, as part of a non-discretionary transaction related to tax withholding from the vesting of restricted stock awards. The sale was executed automatically under an existing equity compensation plan and does not reflect any change in Perrault’s investment strategy or confidence in the company's long-term prospects. Following this transaction, Perrault retains 254,316 shares directly held and another 31,500 indirectly through a GRAT trust. His total stake is valued at $8.7 million based on the closing share price of $30.39. The company remains aligned with long-term performance incentives for its executives. Beacon Financial Corporation operates as a regional bank holding company offering commercial and retail banking, mortgage origination, loans, and wealth management services. With a market cap of $2.6 billion and strong financials including TTM revenue of $1.1 billion and net income of $113.8 million, the firm continues to perform well in its sector.
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