Director Richard Corey Bane receives restricted stock grant at Eastern Bankshares (EBC)

Rhea-AI Filing Summary

Bane Richard Corey reported acquisition or exercise transactions in this Form 4 filing.

Eastern Bankshares, Inc. director Richard Corey Bane received a grant of restricted common stock as equity compensation. He was awarded 3,883 shares of restricted stock under the company’s 2021 Equity Incentive Plan at a grant price of $0 per share. This restricted stock is scheduled to vest in full on May 18, 2026, one year after the grant date. After this award, he directly holds a total of 202,498 common shares, consisting of 186,195 unrestricted shares, 12,420 previously granted restricted shares that vest ratably over five years from November 30, 2021, and the new 3,883-share restricted award.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bane Richard Corey

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,883	$0.00	--

Holdings After Transaction: Common Stock — 202,498 shares (Direct, null)

Footnotes (1)

1. 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 18, 2026. Consists of (i) 186,195 shares of common stock; (ii) 12,420 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) 3,883 shares of restricted stock reported on this Form 4.

Key Figures

Restricted stock grant: 3,883 shares Grant price: $0.00 per share Total shares after grant: 202,498 shares +3 more

6 metrics

Restricted stock grant 3,883 shares Common stock award under 2021 Equity Incentive Plan

Grant price $0.00 per share Restricted stock compensation grant

Total shares after grant 202,498 shares Director’s direct common stock holdings post-transaction

Unrestricted common stock 186,195 shares Portion of total direct holdings

Prior restricted stock balance 12,420 shares Restricted shares vesting ratably over five years from Nov. 30, 2021

Vesting date of new grant May 18, 2026 Scheduled full vesting of 3,883 restricted shares

Key Terms

restricted stock, 2021 Equity Incentive Plan, vest in full, vest ratably over a five-year period

4 terms

restricted stock financial

"These shares represent restricted stock that was granted under the Issuer's 2021 Equity Incentive Plan"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

2021 Equity Incentive Plan financial

"restricted stock that was granted under the Issuer's 2021 Equity Incentive Plan"

vest in full financial

"This restricted stock is scheduled to vest in full on the anniversary of the grant date"

vest ratably over a five-year period financial

"12,420 remaining shares of restricted stock that vest ratably over a five-year period"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Bane Richard Corey

(Last) (First) (Middle)

125 HIGH STREET

(Street)

BOSTON MASSACHUSETTS 02110

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Eastern Bankshares, Inc. [ EBC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/18/2026		A		3,883(1)	A	$0	202,498(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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 18, 2026.

2. Consists of (i) 186,195 shares of common stock; (ii) 12,420 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) 3,883 shares of restricted stock reported on this Form 4.

	/s/ Laura Vaughn Burek	05/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Eastern Bankshares (EBC) report for Richard Corey Bane?

Eastern Bankshares reported that director Richard Corey Bane received 3,883 shares of restricted common stock as an equity grant. The award was made under the 2021 Equity Incentive Plan and increases his total direct holdings to 202,498 common shares.

How many Eastern Bankshares (EBC) shares does Richard Corey Bane hold after this Form 4?

After the reported transaction, Richard Corey Bane directly holds 202,498 Eastern Bankshares common shares. This total includes 186,195 unrestricted shares, 12,420 previously granted restricted shares, and the new 3,883-share restricted stock award.

When does Richard Corey Bane’s new restricted stock grant in Eastern Bankshares vest?

The 3,883 restricted shares granted to Richard Corey Bane are scheduled to vest in full on May 18, 2026. This one-year vesting period follows the grant date of May 18, 2025, under Eastern Bankshares’ 2021 Equity Incentive Plan.

Was the Eastern Bankshares (EBC) insider transaction a market purchase or a compensation grant?

The transaction was a compensation-related grant, not a market purchase. Richard Corey Bane received 3,883 restricted shares at a price of $0 per share under the company’s 2021 Equity Incentive Plan as part of his director compensation.

What equity plans are referenced in Richard Corey Bane’s Eastern Bankshares Form 4?

The filing references Eastern Bankshares’ 2021 Equity Incentive Plan. Bane’s 3,883 restricted shares were granted under this plan, and he also holds 12,420 earlier restricted shares that vest ratably over five years from the November 30, 2021 grant date.