Leadership & Pay ·
Appoints Sean A. Gray as President and CEO with $1M base salary and equity awards
BBTBeacon Financial Corp
Beacon Financial Corporation entered into an employment agreement with Sean A. Gray, effective September 21, 2026, appointing him as President and Chief Executive Officer of the Company and Beacon Bank & Trust. Mr. Gray will receive an annual base salary of $1,000,000 and a target cash bonus equal to 75% of his base salary. He is eligible for annual equity awards valued at 105% of base salary and received a one-time restricted stock award with a grant date value of $275,000. The agreement includes severance provisions entitling him to two times his combined salary and bonus upon termination without cause or resignation for good reason, increasing to three times in the event of a change in control within 24 months. Beacon Financial Corporation operates as a financial holding company.