| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | EBC | Common Stock | Sale | -$65K | -4.97K | -6.53% | $13.08 | 71.1K | Mar 18, 2024 | Direct | F1, F2, F3 |
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).
| Id | Content |
|---|---|
| F1 | The transactions reported on this Form 4 were executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2023. |
| F2 | Represents the average sale price. The actual sales prices range from $12.90 to $13.25 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 | Consists of (i) 16,589 shares of common stock; (ii) 12,500 shares of common stock held in joint tenancy with spouse; (ii) 37,258 shares of restricted stock comprising the unvested portion of a grant that vests ratably over a five-year period on the anniversary of the November 30, 2021 date of grant; and (iii) 4,782 shares of restricted stock scheduled to vest in full on May 15, 2024. |