David Andrew Ahlquist - Mar 3, 2025 Form 4 Insider Report for Eastern Bankshares, Inc. (EBC)

Role
SVP, Chief Accounting Officer
Signature
/s/ Kathleen R. Henry, by Power of Attorney
Stock symbol
EBC
Transactions as of
Mar 3, 2025
Transactions value $
-$40,814
Form type
4
Date filed
3/5/2025, 06:27 PM
Previous filing
Mar 5, 2024
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 +6.78K +45.09% $0.00 21.8K Mar 3, 2025 Direct F1
transaction EBC Common Stock Tax liability -$40.8K -2.3K -10.55% $17.73 19.5K Mar 3, 2025 Direct F2
holding EBC Common Stock 22K Mar 3, 2025 By 401(k) F3
holding EBC Common Stock 3.91K Mar 3, 2025 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 -3.13K -100% $0.00 0 Mar 3, 2025 Common stock 3.13K Direct F1, F5
transaction EBC Restricted Stock Units Options Exercise $0 -1.46K -49.98% $0.00 1.46K Mar 3, 2025 Common stock 1.46K Direct F1, F6
transaction EBC Restricted Stock Units Options Exercise $0 -2.2K -33.32% $0.00 4.39K Mar 3, 2025 Common stock 2.2K Direct F1, F7
transaction EBC Restricted Stock Units Award $0 +4.9K $0.00 4.9K Mar 3, 2025 Common stock 4.9K Direct F4, F8
* 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 10,000 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 9,389 restricted stock units that vested in three equal annual installments beginning March 1, 2023.
F6 On March 1, 2023, the reporting person was granted 4,368 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 6,588 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.
F8 On March 3, 2025, the reporting person was granted 4,903 restricted stock units that vest in three equal annual installments beginning March 1, 2026, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.

Remarks:

(4) Each restricted stock unit represents a contingent right to receive one share of EBC common stock on the applicable vesting date.