Beacon Financial sets CEO Sean Gray’s annual base salary at $1 million
TFC•Beacon Financial set CEO Sean A. Gray’s annual base salary at $1 million, with a target cash bonus of 75% of salary and annual equity awards targeted at 105%. His agreement also provides severance of twice salary and target bonus, rising to three times those amounts after a qualifying change in control.
1. Compensation terms
Beacon Financial signed Gray’s employment agreement on October 29, 2026, effective September 21. It sets his annual base salary at $1 million, a target cash bonus equal to 75% of salary and annual equity awards equal to 105% of salary. Gray also received a $275,000 restricted stock award, vesting in equal tranches on the first three anniversaries of the grant date.
2. Severance provisions
Qualifying terminations trigger cash severance equal to twice salary and target bonus, less any accelerated retention bonus, and immediate vesting of outstanding equity awards. The cash severance rises to three times salary and target bonus for qualifying terminations within 24 months following a change in control.
