Timothy Joseph Lodge - Mar 1, 2023 Form 4 Insider Report for Eastern Bankshares, Inc. (EBC)

Role: CEO, Eastern Insurance Group
Signature: /s/ Sara Rundell, by Power of Attorney
Stock symbol: EBC
Transactions as of: Mar 1, 2023
Transactions value $: -$26,759
Form type: 4
Date filed: 3/3/2023, 03:08 PM
Previous filing: Mar 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EBC	Common Stock	Options Exercise	$0	+4.74K	+237.15%	$0.00	6.74K	Mar 1, 2023	Direct	F1
transaction	EBC	Common Stock	Tax liability	-$26.8K	-1.71K	-25.39%	$15.63	5.03K	Mar 1, 2023	Direct
holding	EBC	Common Stock						15.5K	Mar 1, 2023	By 401(k)	F2
holding	EBC	Common Stock						1.85K	Mar 1, 2023	By ESOP	F2

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	Options Exercise	$0	-4.74K	-20%	$0.00	19K	Mar 1, 2023	Common Stock	4.74K		Direct	F1, F4
transaction	EBC	Restricted Stock Units	Award	$0	+4.61K		$0.00	4.61K	Mar 1, 2023	Common Stock	4.61K		Direct	F3, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	Reflects the amount of shares beneficially owned, including shares received due to automatic dividend reinvestment, as of the date of this report.
F3	Each restricted stock unit represents a contingent right to receive one share of EBC common stock on the applicable vesting date.
F4	On March 1, 2022, the reporting person was granted 23,719 restricted stock units that vest in five equal annual installments beginning March 1, 2023, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
F5	On March 1, 2023, the reporting person was granted 4,612 restricted stock units that vest in three equal annual installments beginning March 1, 2024, subject to continued service Vested shares will be issued to the reporting person as soon as practicable after the vesting date.

Remarks:

Exhibit 24.1 Power of Attorney