Eastern Bankshares director granted 3,883 restricted shares

Markell Peter Kenneth reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 05/20/2026 - 04:15 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Markell Peter Kenneth reported acquisition or exercise transactions in this Form 4 filing.

Eastern Bankshares, Inc. director Peter Kenneth Markell reported receiving a grant of 3,883 shares of restricted common stock at no cash cost under the company’s 2021 Equity Incentive Plan. This restricted stock is scheduled to vest in full on the anniversary of the May 18, 2026 grant date.

After this award, Markell’s direct holdings total 182,498 shares, consisting of 166,195 common shares, 12,420 previously granted restricted shares that vest ratably over five years from November 30, 2021, and the 3,883 newly granted restricted shares.

Insider Trade Summary

Grant/Award: 3,883 shares

Grant/Award 1 txn

Insider Markell Peter Kenneth

Role Director

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

Holdings After Transaction: Common Stock — 182,498 shares (Direct)

Footnotes (2)

1. F1. 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. F2. Consists of (i) 166,195 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 holdings after transaction: 182,498 shares +3 more

6 metrics

Restricted stock grant 3,883 shares Awarded May 18, 2026 grant date reference

Grant price $0.00 per share Restricted stock award under 2021 Equity Incentive Plan

Total holdings after transaction 182,498 shares Direct ownership following restricted stock grant

Common stock portion 166,195 shares Direct common shares held after transaction

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

New grant vesting date May 18, 2026 New 3,883-share restricted award vests in full on this date

Key Terms

restricted stock, 2021 Equity Incentive Plan, vest, grant date

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

"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.

grant date financial

"on the anniversary of the grant date of May 18, 2026"

The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Eastern Bankshares (EBC) disclose for Peter Kenneth Markell?

Eastern Bankshares disclosed that director Peter Kenneth Markell received a grant of 3,883 shares of restricted common stock. The award was made under the 2021 Equity Incentive Plan and carried a grant price of $0.00 per share as part of equity compensation.

How many shares did the Eastern Bankshares (EBC) director receive in the latest grant?

Peter Kenneth Markell received 3,883 shares of restricted Eastern Bankshares common stock. These shares are part of an equity award under the 2021 Equity Incentive Plan and are scheduled to vest in full on the May 18, 2026 grant anniversary.

When do the newly granted Eastern Bankshares (EBC) restricted shares vest?

The 3,883 newly granted restricted shares are scheduled to vest in full on May 18, 2026. This full vesting occurs on the first anniversary of the grant date, subject to the terms and conditions of Eastern Bankshares’ 2021 Equity Incentive Plan.

What are Peter Kenneth Markell’s total Eastern Bankshares (EBC) holdings after this transaction?

After the grant, Markell directly holds 182,498 Eastern Bankshares shares. This includes 166,195 common shares, 12,420 previously awarded restricted shares vesting over five years from November 30, 2021, and the 3,883 new restricted shares reported.

Was the Eastern Bankshares (EBC) insider transaction an open-market purchase or a compensation award?

The transaction was a compensation-related award, not an open-market purchase. Markell received 3,883 restricted shares at $0.00 per share under the 2021 Equity Incentive Plan, reflecting a grant or award acquisition rather than a market buy.

How are Peter Kenneth Markell’s earlier Eastern Bankshares (EBC) restricted shares vesting?

Markell’s earlier restricted award of 12,420 shares vests ratably over a five-year period. Vesting occurs on each anniversary of the original November 30, 2021 grant date, consistent with the vesting schedule described for that prior award.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Markell Peter Kenneth

(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	182,498(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) 166,195 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)