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Beacon Financial Executive Compensation (FY25)

BBT · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Paul Perrault
Median of the other named officers
$2,184,607
8 officers, excluding the chief executive
Latest say-on-pay support
=
May 13, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (8-K): May 15, 2026
15 filings cited on this page
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219 figures on this page: 208 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
CEO pay ratio: 44:1 → 18.6:1 (57.7% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Beacon Financial's chief executive and what were they paid?
Total compensation for Paul Perrault, President and Chief Executive Officer, came to $1,284,440 in fiscal 2025.
What was Beacon Financial's say-on-pay result?
For fiscal 2025, the say-on-pay proposal drew 60.0% support at the meeting held May 13, 2026.
Which companies are in Beacon Financial's peer group?
The disclosed peer group includes Community Financial Systems, ConnectOne Bancorp, Inc., Dime Community Bancshares, Eastern Bankshares, Inc. and First Commonwealth Financial Corporation, among others.
What is Beacon Financial's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 18.6:1, against median employee compensation of $68,974.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Nitin Mhatre
President, Chief Executive Officer
◇—◇—◇—◇◇
Sean Gray
Senior Executive Vice President, Chief Operating Officer
◇—◇—◇—◇◇
Subhadeep Basu
Former Senior Executive Vice President, Chief Financial Officer
Departed during or after this year
◇—◇———◇◇
George Bacigalupo
Senior Executive Vice President, Head of Commercial Banking
◇—◇—◇—◇◇
Gregory Lindenmuth
Senior Executive Vice President, Chief Risk Officer
◇—◇—◇—◇◇
Brett Brbovic
Interim Chief Financial Officer, Senior Vice President
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Nitin Mhatre
President, Chief Executive Officer
◇—◇—◇—◇◇
Sean Gray
Senior Executive Vice President, Chief Operating Officer
◇—◇—◇—◇◇
R. David Rosato
Senior Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
James Brown
Senior Executive Vice President, Head of Commercial
◇—◇—◇—◇◇
Gregory Lindenmuth
Senior Executive Vice President, Chief Risk Officer
◇—◇—◇—◇◇
Brett Brbovic
Senior Managing Director, Former Interim Chief Financial Officer
Departed during or after this year
Served on an interim basis
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Brett Brbovic
Former Chief Financial Officer, Berkshire
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Nitin Mhatre
Former Chief Executive Officer, Berkshire Hills Bancorp, Inc.
Departed during or after this year
◇—————◇◇
James Brown
Former Head of Commercial Banking, Berkshire Hills Bancorp, Inc.
Departed during or after this year
◇—————◇◇
Sean Gray
Chief Operations Officer
◇◇——◇—◇◇
Jacqueline Courtwright
Chief Human Resources Officer
◇◇——◇—◇◇
Gregory Lindenmuth
Former Chief Risk Officer, Berkshire Hills Bancorp, Inc.
Departed during or after this year
◇◇————◇◇
Gordon Prescott
General Counsel and Corporate Secretary
◇◇——◇—◇◇
Brett Brbovic
Former Chief Financial Officer, Berkshire Hills Bancorp, Inc.
Departed during or after this year
◇◇————◇◇
Paul Perrault
President and Chief Executive Officer
◇—◇—◇—◇◇
Carl Carlson
Chief Financial & Strategy Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Carl M. CarlsonRSU◇——◇——◇
Paul A. PerraultRSU◇——◇——◇
Fiscal 2022, 2023 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Paul PerraultRSU◇◇——
Carl CarlsonRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Carl Carlson
Chief Financial & Strategy Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Benefits continuation◇
Jacqueline Courtwright
Chief Human Resources Officer · Retention agreement
Severance base◇
Change-in-control trigger◇
Excise tax treatment◇
Clawback◇
Paul Perrault
President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Sean Gray
Chief Operations Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David M. Brunelle
Board chair
◇————◇◇
Sylvia Maxfield
◇————◇◇
Nina A. Charnley
◇————◇◇
Eric S. Rosengren
◇————◇◇
Mary Anne Callahan
◇————◇◇
Karyn Polito
◇————◇◇
William H. Hughes III
◇————◇◇
Mihir A. Desai
◇————◇◇
Thomas J. Hollister
◇—————◇
Bogdan Nowak
◇—————◇
Margaret Boles Fitzgerald
◇—————◇
Merrill W. Sherman
◇—————◇
Joanne B. Chang
◇—————◇
Willard I. Hill Jr
◇—————◇
John M. Pereira
◇—————◇
Willard I. Hill, Jr
◇—————◇
Paul A. Perrault served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Nominating and governance chair◇
Stock ownership guideline: We have significant stock ownership guidelines requiring our executives and directors to hold substantial equity ownership.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Community Financial Systems CBU
  • ConnectOne Bancorp, Inc. CNOB
  • Dime Community Bancshares DCOM
  • Eastern Bankshares, Inc. EBC
  • First Commonwealth Financial Corporation FCF
  • Flushing Financial Corporation FFIC
  • Independent Bank Corp. INDB
  • NBT Bancorp, Inc. NBTB
  • Northwest Bancshares, Inc. NWBI
  • OceanFirst Financial Corp. OCFC
  • Park National Corporation PRK
  • Provident Financial Services, Inc. PFS
  • S&T Bancorp, Inc. STBA
  • Tompkins Financial Corporation TMP
  • Univest Financial Corporation UVSP
  • Washington Trust Bancorp, Inc. WASH

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 13, 2026=◇◇◇
2024May 21, 2025=◇◇◇
2023May 16, 2024=◇◇◇
2022May 18, 2023=◇◇◇
2021May 20, 2022=◇◇◇
2020May 20, 2021=◇◇◇
2019May 14, 2020=◇◇◇
2018May 16, 2019=◇◇◇
2017May 17, 2018=◇◇◇
2016May 18, 2017=◇◇◇
2015May 5, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- Paul Perrault (President and Chief Executive Officer), FY2025 total compensation $1,284,440 (base salary $333,333) [exec_comp, SEC accession 0001628280-26-022949, filed 2026-04-02]

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What this page does not include

Everything above is a fact Beacon Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Beacon Financial sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Say-on-pay responsiveness
Beacon Financial recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysis
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
219 figures on this page: 208 cited to the filing that reported them, 11 calculated from figures it prints.
208 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001104659-26-062720
    319,591 69,603 7,596,528 (3) Approval, on a non-binding, advisory basis, of the compensation of the Company’s named executive officers: For Against Abstain Broker Non-Votes
  2. 0001628280-26-022949
    CEO Pay Ratio · Cash Retainer for Non-Employee Directors · Compensation Discussion and Analysis · DIRECTOR COMPENSATION · and 4 more sections
  3. 0001104659-25-086043
    Employment Agreement
  4. 0000943374-25-000227
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0000943374-24-000183
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001108134-24-000006
  7. 0001104659-23-062570
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001108134-23-000010
  9. 0000943374-22-000176
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001104659-21-070500
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000943374-20-000267
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001144204-19-026966
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001144204-18-029823
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001571049-17-005325
  15. 0001104659-16-118779
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Beacon Financial executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/BBT (accessed 2026).
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15 filings cited on this page
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Beacon Financial discloses

The companies named in BBT's own disclosed peer group.

Community Financial SystemsConnectOne Bancorp, Inc.Dime Community BancsharesEastern Bankshares, Inc.First Commonwealth Financial CorporationFlushing Financial CorporationIndependent Bank Corp.NBT Bancorp, Inc.Northwest Bancshares, Inc.OceanFirst Financial Corp.Park National CorporationProvident Financial Services, Inc.S&T Bancorp, Inc.Tompkins Financial CorporationUnivest Financial CorporationWashington Trust Bancorp, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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