Beacon Financial director Hughes buys $6,146 in company stock

Beacon Financial Corp (NASDAQ:BBT) director William H. Hughes III recently purchased 200 shares of the company's common stock, totaling $6,146, on October 29, 2026. The transaction occurred as the stock trades near $30.60, with a 22.6% return over the past year. However, InvestingPro analysis suggests the stock is slightly overvalued relative to its Fair Value.

Following this purchase, Mr. Hughes now directly holds 17,048 shares of Beacon Financial Corp common stock, including shares granted under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan. The purchase was reported in a filing signed on November 2, 2026. Meanwhile, Beacon Financial Corp. reported its third-quarter earnings, which narrowly missed Wall Street expectations, with adjusted earnings of $0.77 per share on revenue of $223.15 million.

The company also appointed Sean A. Gray as President and Chief Executive Officer, effective September 21, 2026, with a new employment agreement that includes an annual base salary of $1,000,000 and an annual cash bonus targeted at 75% of his base salary.

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