Beacon Financial (BBT) chief banking officer sells 17,333 shares in open-market trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Beacon Financial Corp Chief Banking Officer Michael W. McCurdy reported an open-market sale of 17,333 shares of common stock at a weighted average price of $31.04 per share. After this transaction, he directly owns 25,555 common shares.
The shares were sold in multiple trades at prices ranging from $31.17 to $30.91, according to the filing footnote.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 17,333 shares ($538,016)
Net Sell
1 txn
Insider
McCurdy Michael W.
Role
Chief Banking Officer
Sold
17,333 shs ($538K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 17,333 | $31.04 | $538K |
Holdings After Transaction:
Common Stock — 25,555 shares (Direct)
Footnotes (1)
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FAQ
What did Beacon Financial Corp (BBT) disclose in this Form 4 filing?
Beacon Financial Corp disclosed that Chief Banking Officer Michael W. McCurdy sold 17,333 shares of common stock in an open-market transaction at a weighted average price of $31.04 per share, leaving him with 25,555 directly owned shares afterward.
What does transaction code "S" mean in this Beacon Financial Corp Form 4?
Transaction code “S” on this Form 4 indicates a sale in the open market or a private transaction. In this case, it describes Michael W. McCurdy’s sale of 17,333 Beacon Financial Corp common shares at a weighted average price of $31.04 per share.
Was the Beacon Financial Corp insider sale executed in one trade or multiple trades?
The insider sale was executed in multiple trades. A footnote states the reported $31.04 price is a weighted average, with individual trades occurring between $31.17 and $30.91, and detailed trade breakdowns are available from the company, security holders, or SEC staff on request.