James Burke Fitzgerald - Mar 1, 2024 Form 4 Insider Report for Eastern Bankshares, Inc. (EBC)

Role: Chief Financial Officer
Signature: /s/ Sara K. Rundell, by Power of Attorney
Stock symbol: EBC
Transactions as of: Mar 1, 2024
Transactions value $: -$68,252
Form type: 4
Date filed: 3/5/2024, 05:24 PM
Previous filing: Mar 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EBC	Common Stock	Options Exercise	$0	+18K	+12.65%	$0.00	160K	Mar 1, 2024	Direct	F1
transaction	EBC	Common Stock	Tax liability	-$68.3K	-5.33K	-3.32%	$12.81	155K	Mar 1, 2024	Direct	F2
holding	EBC	Common Stock						19K	Mar 1, 2024	By 401(k)	F3
holding	EBC	Common Stock						2.79K	Mar 1, 2024	By ESOP	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	-14.2K	-25%	$0.00	42.7K	Mar 1, 2024	Common Stock	14.2K		Direct	F1, F5
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, F6
transaction	EBC	Restricted Stock Units	Award	$0	+26.2K		$0.00	26.2K	Mar 1, 2024	Common Stock	26.2K		Direct	F4, F7

* 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	Includes 132,231 shares held in joint tenancy with spouse.
F3	Reflects the amount of shares beneficially owned, including shares received due to automatic dividend reinvestment, as of the date of this report.
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 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.
F6	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 as soon as practicable after the vesting date.
F7	On March 1, 2024, the reporting person was granted 26,229 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.