Richard J. Gavegnano - Aug 11, 2021 Form 4 Insider Report for Meridian Bancorp, Inc. (EBSB)

Role
Chairman, President and CEO, Director
Signature
/s/ Sharon Plante, pursuant to Power of Attorney
Stock symbol
EBSB
Transactions as of
Aug 11, 2021
Transactions value $
-$1,283,960
Form type
4
Date filed
8/12/2021, 04:21 PM
Next filing
Nov 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EBSB Common Stock Options Exercise $5.33M +375K +40.52% $14.20 1.3M Aug 11, 2021 Direct F1
transaction EBSB Common Stock Tax liability -$6.41M -309K -23.8% $20.70 991K Aug 11, 2021 Direct F1
transaction EBSB Common Stock Options Exercise $2.65M +150K +15.14% $17.65 1.14M Aug 11, 2021 Direct F1
transaction EBSB Common Stock Tax liability -$2.85M -138K -12.07% $20.70 1M Aug 11, 2021 Direct F1
holding EBSB Common Stock 25K Aug 11, 2021 By SEP IRA
holding EBSB Common Stock 17.3K Aug 11, 2021 By ESOP F2
holding EBSB Common Stock 8.14K Aug 11, 2021 By 401(k) F2

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 EBSB Stock Appreciation Rights Options Exercise $0 -375K -100% $0.00* 0 Aug 11, 2021 Common Stock 375K $14.20 Direct
transaction EBSB Stock Appreciation Rights Options Exercise $0 -150K -80% $0.00 37.5K Aug 11, 2021 Common Stock 150K $17.65 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares of restricted stock which vest at a rate of 20% per year commencing on July 31, 2018.
F2 Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
F3 Stock options vest at a rate of 20% per year commencing on July 31, 2018.