Nancy Huntington Stager - 01 Dec 2023 Form 4 Insider Report for Eastern Bankshares, Inc. (EBC)

Signature
/s' Sara K. Rundell, by Power of Attorney
Issuer symbol
EBC
Transactions as of
01 Dec 2023
Net transactions value
-$223,130
Form type
4
Filing time
05 Dec 2023, 16:05:06 UTC
Previous filing
16 Nov 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EBC Common Stock Sale $178,548 -14,756 -88% $12.10 1,963 01 Dec 2023 By IRA F1, F2
transaction EBC Common Stock Sale $44,582 -3,709 -88% $12.02 493 01 Dec 2023 By Roth IRA F1, F3
holding EBC Common Stock 11,519 01 Dec 2023 Direct F4
holding EBC Common Stock 3 01 Dec 2023 By 401(k) F5
holding EBC Common Stock 1,888 01 Dec 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
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 $12.00 to $12.05 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.