Robert Francis Rivers - 01 Mar 2024 Form 4 Insider Report for Eastern Bankshares, Inc. (EBC)

Role: Chair and CEO, Director
Signature: /s/ Sara K. Rundell, by Power of Attorney
Issuer symbol: EBC
Transactions as of: 01 Mar 2024
Transactions value $: -$120,158
Form type: 4
Filing time: 05 Mar 2024, 16:29:26 UTC
Previous filing: 03 Mar 2023
Next filing: 05 Mar 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EBC	Common Stock	Options Exercise	$0	+31,956	+15%	$0	247,037	01 Mar 2024	Direct	F1
transaction	EBC	Common Stock	Tax liability	-$120,157	-9,380	-3.8%	$12.81	237,657	01 Mar 2024	Direct	F2
holding	EBC	Common Stock						2,793	01 Mar 2024	By ESOP	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EBC	Restricted Stock Units	Options Exercise	$0	-21,347	-25%	$0	64,062	01 Mar 2024	Common Stock	21,347		Direct	F1, F5
transaction	EBC	Restricted Stock Units	Options Exercise	$0	-10,609	-33%	$0	21,220	01 Mar 2024	Common Stock	10,609		Direct	F1, F6
transaction	EBC	Restricted Stock Units	Award	$0	+46,604		$0	46,604	01 Mar 2024	Common Stock	46,604		Direct	F4, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	Includes 200,000 shares held in joint tenancy with spouse.
F3	Reflects the amount of shares beneficially owned, including shares received due to automatic dividend reinvestment, as of the date of this report.
F4	Each restricted stock unit represents a contingent right to receive one share of EBC common stock on the applicable vesting date.
F5	On March 1, 2022, the reporting person was granted 106,736 restricted stock units that vest in five equal annual installments beginning March 1, 2023, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
F6	On March 1, 2023, the reporting person was granted 31,829 restricted stock units that vest in three equal annual installments beginning March 1, 2024, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
F7	On March 1, 2024, the reporting person was granted 46,604 restricted stock units that vest in three equal annual installments beginning March 1, 2025, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.