Luis Borgen - 03 Aug 2022 Form 4 Insider Report for Eastern Bankshares, Inc. (EBC)

Role
Director
Signature
/s/ Astrid E.P. Tsang, by Power of Attorney
Issuer symbol
EBC
Transactions as of
03 Aug 2022
Net transactions value
-$582,768
Form type
4
Filing time
05 Aug 2022, 16:05:26 UTC
Previous filing
25 May 2022
Next filing
02 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EBC Common Stock Sale $582,768 -28,730 -24% $20.28 89,965 03 Aug 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transactions reported on this Form 4 were executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 10, 2022.
F2 Represents the average sale price. The actual sales prices range from $20.01 to $20.51 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.
F3 Consists of (i) 25,000 shares of common stock; (ii) 62,096 shares of restricted stock scheduled to vest ratably over a five-year period on the anniversary of the November 30, 2021 date of grant; and (iii) 2,869 shares of restricted stock scheduled to vest in full on May 14, 2023.

Remarks:

The signatory is signing on behalf of Luis Borgen pursuant to a Power of Attorney dated September 8, 2020.