BBT · Beacon Financial Corp · Executive Compensation

$30.07 +0.12 (+0.40%) At close · Oct 23

S&P 600 member Russell 2000 member Rebalance outlook locked

Market Cap

$2.52B

83.82M

Volume · Oct 23 1.11M Avg daily vol (3M) 967.79K

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Nitin J. Mhatre	Former Chief Executive Officer, Berkshire	$567,800	—	—	—	—	$7,975,050	$8,542,850
Nitin Mhatre	Former Chief Executive Officer, Berkshire	$567,800	—	—	—	—	$7,975,050	$8,542,850
James Brown	Former Head of Commercial, Berkshire	$319,600	—	—	—	—	$2,746,895	$3,066,495
Sean A. Gray	Chief Operations Officer	$595,680	$100,000	—	—	$469,635	$1,654,054	$2,819,369
Jacqueline Courtwright	Chief Human Resources Officer	$340,933	$30,000	—	—	$204,560	$1,646,706	$2,222,199
Gregory Lindenmuth	Former Chief Risk Officer, Berkshire	$241,638	$10,000	—	—	—	$1,895,376	$2,147,014
Wm. Gordon Prescott	General Counsel	$320,667	$60,000	—	—	$192,400	$1,551,599	$2,124,666
Brett Brbovic	Former Chief Financial Officer, Berkshire	$221,000	$40,000	—	—	—	$1,686,395	$1,947,395
Paul Perrault	—	$333,333	—	$452,684	—	$242,500	$255,923	$1,284,440
Paul A. Perrault	President and Chief Executive	$333,333	—	$452,684	—	$242,500	$255,923	$1,284,440
Carl M. Carlson	Chief Financial and Strategy Officer	$199,000	—	$199,024	—	$115,850	$54,397	$568,271

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Nitin J. Mhatre	Former Chief Executive Officer, Berkshire	$835,000	—	$886,410	—	$704,970	$236,570	$2,662,950
Nitin Mhatre	Former Chief Executive Officer, Berkshire	$835,000	—	$886,410	—	$704,970	$236,570	$2,662,950
Sean A. Gray	Chief Operations Officer	$584,000	—	$501,885	—	$394,445	$310,642	$1,790,972
James Brown	Former Head of Commercial, Berkshire	$470,000	—	$377,788	—	$290,933	$37,452	$1,176,173
Gregory Lindenmuth	Former Chief Risk Officer, Berkshire	$355,350	—	$161,681	—	$180,008	$26,875	$723,914
Brett Brbovic	Former Chief Financial Officer, Berkshire	$293,071	—	$165,018	—	$109,922	$24,642	$592,653

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Nitin Mhatre	President, Chief Executive Officer	$835,000	—	$905,934	—	$584,542	$307,905	$2,633,381
Nitin J. Mhatre	President, Chief Executive Officer	$835,000	—	$905,934	—	$584,542	$307,905	$2,633,381
Sean A. Gray	Senior Executive Vice President, Chief Operating Officer	$584,000	—	$516,664	—	$327,063	$167,736	$1,595,463
R. David Rosato	Senior Executive Vice President, Chief Financial Officer	$432,692	—	$200,000	—	$256,685	$94,503	$983,880
James Brown	Senior Executive Vice President, Head of Commercial	$430,231	—	$150,000	—	$241,284	$20,154	$841,669
Gregory Lindenmuth	Senior Executive Vice President, Chief Risk Officer	$355,350	—	$160,000	—	$149,258	$16,351	$680,959
Brett Brbovic	Former Chief Financial Officer, Berkshire	$253,575	—	$111,274	—	$59,172	$12,163	$436,184

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Nitin Mhatre	President, Chief Executive Officer	$775,000	—	$813,751	—	$871,875	$148,974	$2,609,600
Nitin J. Mhatre	President, Chief Executive Officer	$775,000	—	$813,751	—	$871,875	$148,974	$2,609,600
Sean A. Gray	Senior Executive Vice President, Chief Operating Officer	$566,500	—	$577,851	—	$509,850	$166,652	$1,820,853
Subhadeep Basu	Former Senior Executive Vice President, Chief Financial Officer	$357,308	—	$359,938	—	—	$248,005	$965,251
George F. Bacigalupo	Senior Executive Vice President, Head of Commercial Banking	$390,000	—	$278,876	—	$263,250	$29,930	$962,056
Gregory Lindenmuth	Senior Executive Vice President, Chief Risk Officer	$345,000	—	$165,625	—	$155,250	$15,534	$681,409
Brett Brbovic	Senior Managing Director, Former Interim Chief Financial Officer	$245,000	—	$32,019	—	$75,000	$6,851	$358,870

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Nitin J. Mhatre	President, Chief Executive Officer	$644,135	—	$688,766	—	$815,625	$144,326	$2,292,852
Nitin Mhatre	President, Chief Executive Officer	$644,135	—	$688,766	—	$815,625	$144,326	$2,292,852
Sean A. Gray	Senior Executive Vice President, Chief Operating Officer	$550,000	—	$574,895	—	$495,000	$193,561	$1,813,456
George F. Bacigalupo	Senior Executive Vice President, Head of Commercial Banking	$375,000	—	$225,007	—	$253,125	$27,943	$881,075
Subhadeep Basu	Former Senior Executive Vice President, Chief Financial Officer	$325,808	—	$100,000	—	$290,250	$13,059	$729,117
Gregory Lindenmuth	Senior Executive Vice President, Chief Risk Officer	$300,000	—	$120,006	—	$135,000	$14,648	$569,654
Deborah A. Stephenson	Executive Vice President, Chief Compliance and Regulatory Officer	$275,000	—	$110,008	—	$123,750	$13,794	$522,552
James M. Moses	Former SEVP and Chief Financial Officer	$107,500	—	$258,001	—	—	$13,771	$379,272

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Richard M. Marotta	Former Chief Executive Officer	$465,577	—	$708,750	—	—	$4,126,799	$5,301,126
Sean A. Gray	Senior Executive Vice President, Chief Operating Officer	$621,500	—	$500,027	—	$201,988	$169,938	$1,493,453
James M. Moses	Former SEVP and Chief Financial Officer	$430,000	—	$360,018	—	$96,750	$45,275	$932,043
George F. Bacigalupo	Senior Executive Vice President, Head of Commercial Banking	$375,000	—	—	—	$84,375	$80,695	$540,070
Gregory Lindenmuth	Senior Executive Vice President, Chief Risk Officer	$300,000	—	$160,024	—	$45,000	$19,214	$524,238
Tami Gunsch	Senior Executive Vice President, Consumer Banking	$300,000	—	$130,003	—	$45,000	$14,860	$489,863

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Richard M. Marotta	Former Chief Executive Officer	$675,000	—	$804,003	—	$206,550	$446,602	$2,132,155
Sean A. Gray	Senior Executive Vice President, Chief Operating Officer	$550,000	—	$500,008	—	$124,000	$178,998	$1,353,006
James M. Moses	Former SEVP and Chief Financial Officer	$400,000	—	$250,108	—	$105,000	$38,751	$793,859
George F. Bacigalupo	Executive Vice President, Head of Commercial Banking	$375,000	—	$225,010	—	$115,000	$51,463	$766,473
Gregory Lindenmuth	Executive Vice President, Chief Risk Officer	$300,000	—	$150,016	—	$36,750	$12,949	$499,715

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Richard M. Marotta	Former Chief Executive Officer	$542,324	—	$375,032	—	$381,108	$186,013	$1,484,477
Sean A. Gray	Acting Chief Executive Officer	$461,225	—	$300,033	—	$287,448	$104,053	$1,152,759
James M. Moses	Senior Executive Vice President and Chief Financial Officer	$375,000	—	$200,034	—	$209,571	$35,499	$820,104
George F. Bacigalupo	Senior Executive Vice President, Commercial Banking	$350,000	—	$80,006	—	$195,599	$55,425	$681,030

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Richard M. Marotta	Chief Executive Officer	$500,000	—	$325,034	—	$400,000	$206,370	$1,431,404
Sean A. Gray	President and Chief Operating Officer	$425,000	—	$250,023	—	$300,000	$79,375	$1,054,398
James M. Moses	Senior Executive Vice President and Chief Financial Officer	$350,000	—	$175,013	—	$241,500	$22,059	$788,572
George F. Bacigalupo	Senior Executive Vice President, Commercial Banking	$350,000	—	$120,017	—	$120,000	$43,755	$633,772

Executive changes

Person	Role	Change	Effective	Filed
Sean A. Gray	member of the boards of directors of the Company and Bank	Appointed	2026-09-21	2026-09-21
Sean A. Gray	President and Chief Executive Officer	Appointed	2026-09-21	2026-09-21
Paul A. Perrault	member of the boards of directors of the Company and Bank	Resigned	2026-09-21	2026-09-21
Paul A. Perrault	President and Chief Executive Officer	Retired	2026-09-21	2026-09-21
John B. Eagan	General Counsel and Corporate Secretary	Appointed	2026-08-01	2026-08-03
Wm. Gordon Prescott	General Counsel and Corporate Secretary	Retired	2026-07-31	2026-08-03
Michael McCurdy	Chief Banking Officer	Appointed	2025-09-01	2025-09-02
Mark Meiklejohn	Chief Credit Officer	Appointed	2025-09-01	2025-09-02
Paul A. Perrault	President and Chief Executive Officer	Appointed	2025-09-01	2025-09-02
Carl M. Carlson	Chief Financial and Strategy Officer	Appointed	2025-09-01	2025-09-02
Paul A. Perrault	Director	Appointed	2025-09-01	2025-09-02
Bogdan Nowak	Director	Appointed	2025-09-01	2025-09-02
John M. Pereira	Director	Appointed	2025-09-01	2025-09-02
Thomas J. Hollister	Director	Appointed	2025-09-01	2025-09-02
Willard I. Hill, Jr.	Director	Appointed	2025-09-01	2025-09-02
Margaret Boles Fitzgerald	Director	Appointed	2025-09-01	2025-09-02
Joanne B. Chang	Director	Appointed	2025-09-01	2025-09-02
Sean A. Gray	Chief Operations Officer	Appointed	—	2024-12-16
Mark Meiklejohn	Chief Credit Officer	Appointed	—	2024-12-16
Carl M. Carlson	Chief Financial and Strategy Officer	Appointed	—	2024-12-16
Michael W. McCurdy	Chief Banking Officer	Appointed	—	2024-12-16
Paul A. Perrault	President and Chief Executive Officer	Appointed	—	2024-12-16
David M. Brunelle	Chairman of the Board	Appointed	—	2024-12-16
Brett Brbovic	Executive Vice President and Chief Financial Officer	Appointed	2024-06-14	2024-05-14
Mary Anne Callahan	Board of Directors	Appointed	2023-09-13	2023-09-14

Leadership

Nitin J. Mhatre CEO, Board Member
Sean A. Gray CEO, COO, Board Member
Sean Gray CEO
David M. Brunelle Chairman, Board Member
Carl M. Carlson CFO
David Rosato CFO
R. David Rosato CFO
John B. Eagan General Counsel
Baye Adofo-Wilson Board Member
Bogdan Nowak Board Member
Eric S. Rosengren Board Member
Jeffrey W. Kip Board Member
Joanne B. Chang Board Member
John M. Pereira Board Member
Jonathan Shulman Board Member
Karyn Polito Board Member
Laurie Norton Moffatt Board Member
Margaret Boles Fitzgerald Board Member
Mary Anne Callahan Board Member
Merrill W. Sherman Board Member
Michael A. Zaitzeff Board Member
Mihir A. Desai Board Member
Nina A. Charnley Board Member
Nitin Mhatre Board Member
Sylvia Maxfield Board Member
Thomas J. Hollister Board Member
Willard I. Hill, Jr. Board Member
William H. Hughes III Board Member

Key facts CIK 1108134 CUSIP 084680107 13F (30d) 48 filings 48 filers Visit website Investor relations