Regional Bank CEO Sells 4,333 Shares As a Result of Tax Withholding
Key Points
The transaction involved 4,333 shares with an estimated value of ~$131,680 based on the $30.39 per-share execution price.
The disposition involved shares equal to 1% of the stake held by the CEO before the filing.
All traded shares were held directly; the executive maintains an indirect holding of 31,500 shares through the Paul A. Perrault GRAT #3.
The transaction was non-discretionary, executed to satisfy tax withholding obligations, and does not reflect the insider’s personal view on the stock.
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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 summary
| Metric | Value |
|---|---|
| Transaction value | ~$131,680 |
| Shares sold | 4,333 |
| Post-transaction shares (directly held) | 254,316 |
| Post-transaction shares (indirectly held) | 31,500 |
| Post-transaction value | $8.7 million |
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).
Key questions
- What triggered this stock disposition?
The transaction was a non-discretionary event in which shares were withheld to satisfy tax obligations associated with the vesting of restricted stock awards. This automatic execution is part of a pre-arranged equity compensation structure and does not indicate a shift in the executive's investment thesis. - What remains of the CEO's equity incentive profile?
After this withholding, Paul A. Perrault retains 254,316 shares held directly, which include restricted stock awards granted under the company's 2025 Stock Option and Incentive Plan. This indicates continued alignment with long-term performance through a combination of vested and unvested equity. - How is the total stake distributed?
The executive's total position of 285,816 shares is split between direct ownership and an indirect holding of 31,500 shares via the Paul A. Perrault GRAT #3. The total market value of this combined stake was $8.7 million as of the Sept. 1, 2026, market close.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-09-01) | $30.39 |
| Market Capitalization | $2.6 billion |
| Revenue (TTM) | $1.1 billion |
| Net Income (TTM) | $113.8 million |
Company Snapshot
- Beacon Financial Corporation operates as a bank holding company, providing comprehensive banking services, including commercial, municipal, and retail deposit acceptance; mortgage origination for commercial and residential real estate; commercial loans and leases; and investment advisory services.
- The company generates revenue through traditional banking operations, including net interest income from lending activities, deposit spreads, and fee-based services such as cash management, trust administration, and investment advisory services.
- Beacon Financial serves commercial enterprises, municipal entities, retail customers, and institutional investors seeking regional banking solutions and wealth management services across the United States and international markets.
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.
What this transaction means for investors
Insider transactions can be notoriously difficult to parse. That's because insiders sell for a variety of reasons, including for tax purposes or with wealth management strategies in mind. Therefore, for individual investors, it's best to stick to the fundamentals. With that in mind, let's have a closer look at Beacon Financial (BBT).
To begin, we should review how BBT stock has performed. Since 2021, the company's shares have generated a total return of 47%, equating to a compound annual growth rate of 8%. The S&P 500, meanwhile, has delivered an 82% total return, with a 12.7% CAGR.
Taking a closer look at its fundamentals, it's clear that BBT has strong metrics. For one, trailing 12-month revenue stands at $1.2 billion, a five-year high. Similarly, free cash flow hit an all-time high of $197 million over the last 12 months. Much of the credit goes to a merger that occurred in 2025 (combining several smaller regional banks into the entity that is Beacon Financial). Nonetheless, the combined entity boasts strong underlying fundamentals, including a Net Interest Margin (NIM) of 3.81%, which is quite strong for a regional bank.
On the other hand, investors must weigh those positives with some concerns. For one, Beacon is heavily concentrated in New England. A downturn in the regional economy could affect the quality of its loan book. To that point, Beacon is exposed to commercial real estate, typically office space. If businesses were to shed workers or shift to remote work, it could put pressure on those loans.
In summary, Beacon is a regional bank stock that has generally underperformed the stock market over the last five years. However, following a recent merger, many of the bank's key metrics look quite favorable. Nevertheless, the company is exposed to risks related to the regional economy and commercial real estate.
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Jake Lerch has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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