Quincy Lee Miller - Mar 1, 2024 Form 4 Insider Report for Eastern Bankshares, Inc. (EBC)

Role
President
Signature
/s/ Sara K. Rundell, by Power of Attorney
Stock symbol
EBC
Transactions as of
Mar 1, 2024
Transactions value $
-$68,264
Form type
4
Date filed
3/5/2024, 04:18 PM
Previous filing
Nov 21, 2023
Next filing
Sep 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EBC Common Stock Options Exercise $0 +18K $0.00 18K Mar 1, 2024 Direct F1
transaction EBC Common Stock Tax liability -$68.3K -5.33K -29.6% $12.81 12.7K Mar 1, 2024 Direct
holding EBC Common Stock 83.2K Mar 1, 2024 By IRA
holding EBC Common Stock 1.28K Mar 1, 2024 By Spouse In IRA
holding EBC Common Stock 2.79K Mar 1, 2024 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 -14.2K -25% $0.00 42.7K Mar 1, 2024 Common Stock 14.2K Direct F1, F4
transaction EBC Restricted Stock Units Options Exercise $0 -3.77K -33.33% $0.00 7.55K Mar 1, 2024 Common Stock 3.77K Direct F1, F5
transaction EBC Restricted Stock Units Award $0 +21.2K $0.00 21.2K Mar 1, 2024 Common Stock 21.2K Direct F3, 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 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 71,157 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 11,324 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 a soon as practicable after the vesting date.
F6 On March 1, 2024, the reporting person was granted 21,186 restricted stock units that vest in three equal annual installments beginning March 1, 2025, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.