Sujata Yadav - 01 Mar 2023 Form 4 Insider Report for Eastern Bankshares, Inc. (EBC)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
03 Mar 2023, 15:08:24 UTC
Prior SEC filing
03 Mar 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Sara Rundell, by Power of Attorney

Key filing fact

Sujata Yadav filed Form 4 for Eastern Bankshares, Inc. (EBC) on 03 Mar 2023.

Key facts

  • This page summarizes Sujata Yadav's Form 4 filing for Eastern Bankshares, Inc. (EBC).
  • 4 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 03 Mar 2023, 15:08.

Change

  • Previous filing in this sequence was filed on 03 Mar 2022.
  • Current net transaction value: -$25,696.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

EBC transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+4,743
Change %
+55%
Price
$0.000000
Shares after
13,343
Date
01 Mar 2023
Ownership
Direct
Footnotes
F1
EBC transaction

Common Stock

Tax liability

Transaction value
$25,696
Shares
-1,644
Change %
-12%
Price
$15.63
Shares after
11,699
Date
01 Mar 2023
Ownership
Direct
EBC holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,876
Date
01 Mar 2023
Ownership
By 401(k)
Footnotes
F2
EBC holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,845
Date
01 Mar 2023
Ownership
By ESOP
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

EBC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-4,743
Change %
-20%
Price
$0.000000
Shares after
18,976
Date
01 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,743
Exercise price
Footnotes
F1, F4
EBC transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+4,273
Change %
Price
$0.000000
Shares after
4,273
Date
01 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,273
Exercise price
Footnotes
F3, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Restricted stock units convert into common stock on a one-for-one basis.

Footnote F2

Reflects the amount of shares beneficially owned, including shares received due to automatic dividend reinvestment, as of the date of this report.

Footnote F3

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

Footnote F4

On March 1, 2022, the reporting person was granted 23,719 restricted stock units that vest in five equal annual installments beginning March 1, 2023, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.

Footnote F5

On March 1, 2023, the reporting person was granted 4,273 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.

SEC remarks

Exhibit 24.1 Power of Attorney

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