Deborah C. Jackson - 02 Dec 2024 Form 4 Insider Report for Eastern Bankshares, Inc. (EBC)

Role
Director
Signature
/s/ Kathleen R. Henry, by Power of Attorney
Issuer symbol
EBC
Transactions as of
02 Dec 2024
Net transactions value
-$106,033
Form type
4
Filing time
03 Dec 2024, 16:02:43 UTC
Previous filing
26 Jun 2024
Next filing
21 May 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EBC Common Stock Sale $106,033 -5,713 -7.8% $18.56 67,284 02 Dec 2024 Direct F1, F2, F3
holding EBC Common Stock 19,000 02 Dec 2024 By IRA
* 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 $18.42 to $18.65 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) 37,749 shares of common stock; (ii) 24,839 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) 4,696 shares of restricted stock scheduled to vest in full on May 13, 2025.