How Perrault was paid
$1.3M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Paul A. PerraultPresident and Chief Executive | $333,333 | — | $452,684 | $242,500 | $255,923 | $1,284,440 |
| Carl M. CarlsonChief Financial and Strategy Officer | $199,000 | — | $199,024 | $115,850 | $54,397 | $568,271 |
| Sean A. GrayChief Operations Officer | $595,680 | $100,000 | — | $469,635 | $1,654,054 | $2,819,369 |
| Jacqueline CourtwrightChief Human Resources Officer | $340,933 | $30,000 | — | $204,560 | $1,646,706 | $2,222,199 |
| Wm. Gordon PrescottGeneral Counsel | $320,667 | $60,000 | — | $192,400 | $1,551,599 | $2,124,666 |
| Nitin J. MhatreFormer Chief Executive Officer, Berkshire | $567,800 | — | — | — | $7,975,050 | $8,542,850 |
| Brett BrbovicFormer Chief Financial Officer, Berkshire | $221,000 | $40,000 | — | — | $1,686,395 | $1,947,395 |
| James BrownFormer Head of Commercial, Berkshire | $319,600 | — | — | — | $2,746,895 | $3,066,495 |
What changed and why
- The 2025 fiscal year included a transformative merger of equals creating Beacon Financial Corporation.
- $1.3MPaul A. Perrault served as CEO starting September 1, 2025, earning $1,284,440 in total compensation.
- $8.5MFormer CEO Nitin J. Mhatre received $8,542,850 in total compensation including transaction-related items.
- The CEO to median employee pay ratio was 18.62 based on Mr. Perrault's compensation.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.