Nancy Huntington Stager - Oct 12, 2023 Form 4 Insider Report for Eastern Bankshares, Inc. (EBC)

Role
Executive VP
Signature
/s' Sara Rundell, by Power of Attorney
Stock symbol
EBC
Transactions as of
Oct 12, 2023
Transactions value $
-$222,947
Form type
4
Date filed
10/16/2023, 04:05 PM
Previous filing
Mar 3, 2023
Next filing
Nov 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EBC Common Stock Sale -$178K -14.8K -31.92% $12.07 31.5K Oct 12, 2023 By IRA F1, F2
transaction EBC Common Stock Sale -$44.8K -3.71K -31.92% $12.09 7.91K Oct 12, 2023 By Roth IRA F1, F3
holding EBC Common Stock 11.5K Oct 12, 2023 Direct F4
holding EBC Common Stock 12 Oct 12, 2023 By 401(k) F5
holding EBC Common Stock 1.89K Oct 12, 2023 By ESOP F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Sales executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2023.
F2 Represents the average sale price. The actual sales prices range from $12.00 to $12.18 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 Represents the average sale price. The actual sales prices range from $12.04 to $12.16 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.
F4 Includes 5,000 shares held in joint tenancy with spouse.
F5 Reflects the amount of shares beneficially owned, including shares received due to automatic dividend reinvestment, as of the date of this report.