Martha A. Dean - Mar 1, 2023 Form 4 Insider Report for Eastern Bankshares, Inc. (EBC)

Role
EVP, Dir. of Operations
Signature
/s/ Sara Rundell, by Power of Attorney
Stock symbol
EBC
Transactions as of
Mar 1, 2023
Transactions value $
-$25,696
Form type
4
Date filed
3/3/2023, 03:08 PM
Previous filing
Mar 9, 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 $0.00 4.74K Mar 1, 2023 Direct F1
transaction EBC Common Stock Tax liability -$25.7K -1.64K -34.66% $15.63 3.1K Mar 1, 2023 Direct
holding EBC Common Stock 2.59K Mar 1, 2023 By 401(k) F2
holding EBC Common Stock 1.85K Mar 1, 2023 By ESOP F2
holding EBC Common Stock 50 Mar 1, 2023 As UTMA custodian for grandson 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 Options Exercise $0 -4.74K -20% $0.00 19K Mar 1, 2023 Common Stock 4.74K Direct F1, F5
transaction EBC Restricted Stock Units Award $0 +4.16K $0.00 4.16K Mar 1, 2023 Common Stock 4.16K Direct F4, F6
* 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 Represents shares held in an UTMA account for the benefit of the reporting person's grandson, for which the reporting person 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 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.
F6 On March 1, 2023, the reporting person was granted 4,158 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