David Andrew Ahlquist - 03 Mar 2025 Form 4 Insider Report for Eastern Bankshares, Inc. (EBC)

Role
SVP, Chief Accounting Officer
Signature
/s/ Kathleen R. Henry, by Power of Attorney
Issuer symbol
EBC
Transactions as of
03 Mar 2025
Net transactions value
-$40,814
Form type
4
Filing time
05 Mar 2025, 18:27:46 UTC
Previous filing
05 Mar 2024
Next filing
05 Feb 2026
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EBC Common Stock Options Exercise $0 +6,781 +45% $0.000000 21,820 03 Mar 2025 Direct F1
transaction EBC Common Stock Tax liability $40,814 -2,302 -11% $17.73 19,518 03 Mar 2025 Direct F2
holding EBC Common Stock 22,005 03 Mar 2025 By 401(k) F3
holding EBC Common Stock 3,912 03 Mar 2025 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 -3,130 -100% $0.000000 0 03 Mar 2025 Common stock 3,130 Direct F1, F5
transaction EBC Restricted Stock Units Options Exercise $0 -1,456 -50% $0.000000 1,457 03 Mar 2025 Common stock 1,456 Direct F1, F6
transaction EBC Restricted Stock Units Options Exercise $0 -2,195 -33% $0.000000 4,393 03 Mar 2025 Common stock 2,195 Direct F1, F7
transaction EBC Restricted Stock Units Award $0 +4,903 $0.000000 4,903 03 Mar 2025 Common stock 4,903 Direct F4, F8
* 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 10,000 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 9,389 restricted stock units that vested in three equal annual installments beginning March 1, 2023.
F6 On March 1, 2023, the reporting person was granted 4,368 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 6,588 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.
F8 On March 3, 2025, the reporting person was granted 4,903 restricted stock units that vest in three equal annual installments beginning March 1, 2026, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.

Remarks:

(4) Each restricted stock unit represents a contingent right to receive one share of EBC common stock on the applicable vesting date.