Greg Allen Shell Sr. - 09 Sep 2022 Form 4 Insider Report for Eastern Bankshares, Inc. (EBC)

Role
Director
Signature
/s/ Kathleen R. Henry, by power of attorney
Issuer symbol
EBC
Transactions as of
09 Sep 2022
Net transactions value
-$482,506
Form type
4
Filing time
12 Sep 2022, 11:22:14 UTC
Previous filing
19 May 2022
Next filing
04 Oct 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 $482,506 -24,000 -12% $20.10 173,465 09 Sep 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the average sale price. The actual sales prices range from $19.9250 to $20.2500 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.
F2 Consists of (i) 108,500 shares held directly; (ii) 62,096 shares of restricted stock that vest in equal annual installments over a period of five years from November 30, 2021, the date of grant and (iii) 2,869 shares of restricted stock that vest fully on the one-year anniversary of the May 17, 2022 grant date.