Eastern Bankshares (EBC) director receives 3,883-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Markell Peter Kenneth
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,883 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 182,498 shares (Direct, null)
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) 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.
