Luis Borgen - Aug 3, 2022 Form 4 Insider Report for Eastern Bankshares, Inc. (EBC)

Role
Director
Signature
/s/ Astrid E.P. Tsang, by Power of Attorney
Stock symbol
EBC
Transactions as of
Aug 3, 2022
Transactions value $
-$582,768
Form type
4
Date filed
8/5/2022, 04:05 PM
Previous filing
May 25, 2022
Next filing
Dec 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EBC Common Stock Sale -$583K -28.7K -24.2% $20.28 90K Aug 3, 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.