James Burke Fitzgerald - 01 Mar 2024 Form 4 Insider Report for Eastern Bankshares, Inc. (EBC)

Role
Chief Financial Officer
Signature
/s/ Sara K. Rundell, by Power of Attorney
Issuer symbol
EBC
Transactions as of
01 Mar 2024
Transactions value $
-$68,252
Form type
4
Filing time
05 Mar 2024, 17:24:29 UTC
Previous filing
03 Mar 2023
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 +18K +12.65% $0.00 160K 01 Mar 2024 Direct F1
transaction EBC Common Stock Tax liability -$68.3K -5.33K -3.32% $12.81 155K 01 Mar 2024 Direct F2
holding EBC Common Stock 19K 01 Mar 2024 By 401(k) F3
holding EBC Common Stock 2.79K 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 -14.2K -25% $0.00 42.7K 01 Mar 2024 Common Stock 14.2K Direct F1, F5
transaction EBC Restricted Stock Units Options Exercise $0 -3.77K -33.33% $0.00 7.55K 01 Mar 2024 Common Stock 3.77K Direct F1, F6
transaction EBC Restricted Stock Units Award $0 +26.2K $0.00 26.2K 01 Mar 2024 Common Stock 26.2K 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 132,231 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 71,157 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 11,324 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 26,229 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.