Bari A. Harlam - May 15, 2024 Form 4 Insider Report for Eastern Bankshares, Inc. (EBC)

Role
Director
Signature
/s/ Sara K. Rundell, by Power of Attorney
Stock symbol
EBC
Transactions as of
May 15, 2024
Transactions value $
-$26,916
Form type
4
Date filed
5/17/2024, 04:05 PM
Previous filing
May 15, 2024
Next filing
Aug 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EBC Common Stock Sale -$26.9K -1.91K -2.52% $14.07 73.9K May 15, 2024 Direct F1, F2, F3
* 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 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 $14.02 to $14.17 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) 19,458 shares of common stock held directly; (ii) 12,500 shares of common stock held in joint tenancy with spouse; (iii) 37,258 remaining shares of restricted stock that vest ratably over a five-year period on the anniversary of the November 30, 2021 date of grant; and (iv) 4,696 shares of restricted stock scheduled to vest in full on May 13, 2025.