Luis Borgen - 13 May 2025 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
13 May 2025
Net transactions value
-$36,817
Form type
4
Filing time
20 May 2025, 17:51:42 UTC
Previous filing
14 Apr 2025
Next filing
19 May 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Borgen Luis Director 125 HIGH STREET, BOSTON /s/ Kathleen R. Henry, by Power of Attorney 20 May 2025 0001488660

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EBC Common Stock Sale $36,817 -2,348 -7.9% $15.68 27,187 13 May 2025 Direct F1
transaction EBC Common Stock Award $0 +4,172 +15% $0.000000 31,359 19 May 2025 Direct 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 Sale of shares executed on May 16, 2025 pursuant to Reporting Person's 10b5-1 plan.
F2 These shares represent restricted stock that was granted under the Issuer's 2021 Equity Incentive Plan pursuant to the terms of such plan. This restricted stock is scheduled to vest in full on the anniversary of the grant date of May 19, 2025.
F3 Consists of (i) 2,348 shares of common stock; (ii) 24,839 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 (iii) 4,172 shares of restricted stock reported on this Form 4.