Restricted stock grant boosts Eastern Bankshares (EBC) director holdings

Rhea-AI Filing Summary

CHUNG JOSEPH reported acquisition or exercise transactions in this Form 4 filing.

Eastern Bankshares, Inc. director Joseph Chung received a grant of 3,883 shares of restricted common stock as compensation. The shares were awarded at no cash cost to him under the company’s 2021 Equity Incentive Plan and are scheduled to vest in full on May 18, 2026, the anniversary of the grant date.

After this grant, Chung directly holds 132,498 shares of common stock. This total consists of 116,195 shares of common stock and 16,303 shares of restricted stock, including 12,420 shares that vest ratably over five years from November 30, 2021 and the 3,883 restricted shares reported in this filing.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider CHUNG JOSEPH

Role null

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

Holdings After Transaction: Common Stock — 132,498 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) 116,195 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 Total holdings after grant: 132,498 shares Common stock portion: 116,195 shares +2 more

5 metrics

Restricted stock grant 3,883 shares Grant of restricted common stock on May 18, 2026 vesting schedule

Total holdings after grant 132,498 shares Director Joseph Chung’s direct Eastern Bankshares holdings after transaction

Common stock portion 116,195 shares Common stock held directly by Joseph Chung within total position

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

New restricted shares vesting date May 18, 2026 Full vesting date for 3,883-share restricted stock grant

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

"granted under the Issuer's 2021 Equity Incentive Plan pursuant to the terms of such plan"

vest in full financial

"This restricted stock is scheduled to vest in full on the anniversary of the grant date of May 18, 2026"

vest ratably over a five-year period financial

"remaining shares of restricted stock that vest ratably over a five-year period on the anniversary of the November 30, 2021 date of grant"

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^*

CHUNG JOSEPH

(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	132,498(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) 116,195 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) director Joseph Chung report?

Director Joseph Chung reported receiving 3,883 shares of restricted common stock as a grant. The award was made at no cash cost under Eastern Bankshares’ 2021 Equity Incentive Plan and increases his total direct holdings in the company’s common stock.

How many Eastern Bankshares (EBC) shares does Joseph Chung hold after this grant?

After the latest restricted stock grant, Joseph Chung directly holds 132,498 Eastern Bankshares shares. This total includes common stock and multiple restricted stock awards with different vesting schedules, reflecting both long-term holdings and ongoing equity-based compensation.

When do Joseph Chung’s new restricted Eastern Bankshares (EBC) shares vest?

The 3,883 new restricted shares granted to Joseph Chung are scheduled to vest in full on May 18, 2026. Vesting on the anniversary of the grant date encourages longer-term alignment with Eastern Bankshares’ performance and director service over that period.

Under which plan was Joseph Chung’s Eastern Bankshares (EBC) restricted stock granted?

The restricted stock granted to Joseph Chung was issued under Eastern Bankshares’ 2021 Equity Incentive Plan. This plan provides share-based compensation, such as restricted stock, to directors and other participants to align their interests with long-term shareholder value.

What other restricted stock awards does Eastern Bankshares (EBC) director Joseph Chung hold?

Beyond the 3,883-share grant, Joseph Chung holds 12,420 restricted shares that vest ratably over five years from November 30, 2021. Together with the new award, these restricted shares complement his larger common stock position at Eastern Bankshares.