Eastern Bankshares (EBC) director adds 3,883 restricted shares in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hessan Diane reported acquisition or exercise transactions in this Form 4 filing.
Eastern Bankshares, Inc. director Diane Hessan received a grant of 3,883 shares of restricted common stock as compensation. The award was made at a price of $0.00 per share and is scheduled to vest in full on May 18, 2026.
After this grant, Hessan directly holds 122,498 shares of common stock, consisting of 106,195 unrestricted shares and 16,303 restricted shares under prior and current grants. Separately, 2,000 shares are held indirectly through Crimson Seed LLC, which is controlled by her spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hessan Diane
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,883 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 122,498 shares (Direct, null);
Common Stock — 2,000 shares (Indirect, By Spouse)
Footnotes (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) 106,195 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. Held by Crimson Seed LLC, which is controlled by spouse of Reporting Person.
Key Figures
Restricted stock grant: 3,883 shares
Grant price: $0.00 per share
Vesting date: May 18, 2026
+4 more
7 metrics
Restricted stock grant
3,883 shares
Restricted common stock awarded on May 18, 2026 grant date
Grant price
$0.00 per share
Price for 3,883 restricted shares granted to director
Vesting date
May 18, 2026
New 3,883 restricted shares vest in full on this date
Direct holdings after grant
122,498 shares
Total Eastern Bankshares common stock directly held after transaction
Indirect holdings
2,000 shares
Common stock held indirectly via Crimson Seed LLC controlled by spouse
Unrestricted common stock
106,195 shares
Portion of direct holdings that is common stock without restriction
Five-year vesting restricted stock
12,420 shares
Restricted shares vesting ratably over five years from November 30, 2021
Key Terms
restricted stock, 2021 Equity Incentive Plan, vest, indirect, +1 more
5 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
"granted under the Issuer's 2021 Equity Incentive Plan pursuant to the terms of such plan"
vest financial
"This restricted stock is scheduled to vest in full on the anniversary of the grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
indirect financial
"Held by Crimson Seed LLC, which is controlled by spouse of Reporting Person."
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
