John Joseph Sullivan - 12 Jul 2024 Form 4 Insider Report for CAMBRIDGE BANCORP (CATC)

Role
Director of Consumer Lending
Signature
/s/ Joseph P. Sapienza, as Attorney-In Fact
Issuer symbol
CATC
Transactions as of
12 Jul 2024
Transactions value $
$0
Form type
4
Filing time
15 Jul 2024, 16:54:24 UTC
Previous filing
29 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CATC Common Stock Disposed to Issuer -4,703 -100% 0 12 Jul 2024 Direct F1
transaction CATC Common Stock Disposed to Issuer -479 -100% 0 12 Jul 2024 ESOP F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

John Joseph Sullivan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement") dated as of September 19, 2023, by and between Cambridge Bancorp ("Cambridge"), Cambridge Trust Company, Eastern Bankshares, Inc. ("Eastern"), Eastern Bank and Citadel MS 2023, Inc., in exchange for the right to receive (i) 19,115 shares of Eastern common stock, with a market value of $14.87 per share of Eastern common stock based on the closing price of Eastern common stock on July 12, 2024 and (ii) 4,193 Eastern restricted stock unit awards, with the same terms, restrictions and vesting schedules as such existing Cambridge restricted stock unit award.
F2 Disposed of pursuant to the Merger Agreement in exchange for the right to receive 2,374 shares of Eastern common stock, with a market value of $14.87 per share of Eastern common stock based on the closing price of Eastern common stock on July 12, 2024.