Matthew Adam Osborne - Mar 1, 2022 Form 4 Insider Report for Eastern Bankshares, Inc. (EBC)

Role
EVP, Sr. Commercial Banking Officer
Signature
/s/ Astrid E. P. Tsang, by Power of Attorney
Stock symbol
EBC
Transactions as of
Mar 1, 2022
Transactions value $
$0
Form type
4
Date filed
3/3/2022, 05:00 PM
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding EBC Common Stock 5K Mar 1, 2022 Direct F1
holding EBC Common Stock 10.1K Mar 1, 2022 By 401(k) F2
holding EBC Common Stock 969 Mar 1, 2022 By ESOP F2
holding EBC Common Stock 1K Mar 1, 2022 By spouse as UTMA custodian for two children 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 Award $0 +47.4K $0.00 47.4K Mar 1, 2022 Common Stock 47.4K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held in joint tenancy with spouse.
F2 Reflects the amount of shares beneficially owned, including shares received due to automatic dividend reinvestment, as of the date of this report.
F3 Represents shares held in two separate UTMA acccounts, each for the benefit of one of the Reporting Person's children, each of which contains 500 shares, and for each of which the Reporting Person's spouse serves as custodian.
F4 Each restricted stock unit represents a contingent right to receive one share of EBC common stock on the applicable vesting date.
F5 The restricted stock units vest in five equal annual installments beginning March 1, 2023. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.

Remarks:

EVP, Sr. Commercial Banking Officer