Eastern Bankshares, Inc. Insider Trading Activity

Zelleke Andargachew S 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

Zelleke Andargachew S reported acquisition or exercise transactions in this Form 4 filing.

Eastern Bankshares, Inc. reported that director Andargachew S. Zelleke received a grant of 3,883 shares of restricted common stock under the company’s 2021 Equity Incentive Plan. The restricted stock is scheduled to vest in full on May 18, 2026.

Following this award, Zelleke directly owns 13,595 shares of common stock, consisting of 9,712 unrestricted shares and 3,883 restricted shares from this grant. The award carried no purchase price, reflecting its nature as equity compensation rather than an open-market buy.

Insider Trade Summary

Grant/Award: 3,883 shares

Grant/Award 1 txn

Insider Zelleke Andargachew S

Role Director

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

Holdings After Transaction: Common Stock — 13,595 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) 9,712 shares of common stock; and (ii) 3,883 shares of restricted stock reported on this Form 4.

Key Figures

Restricted stock grant: 3,883 shares Grant price per share: $0.0000 per share Total shares after transaction: 13,595 shares +3 more

6 metrics

Restricted stock grant 3,883 shares Equity award on May 18, 2026 grant date anniversary vesting schedule

Grant price per share $0.0000 per share Indicates compensation grant, not open-market purchase

Total shares after transaction 13,595 shares Director’s direct holdings following the grant

Unrestricted common shares 9,712 shares Portion of direct holdings that is not restricted stock

Restricted shares included in holdings 3,883 shares Restricted stock from this grant within total holdings

Vesting date May 18, 2026 Date when the 3,883 restricted shares vest in full

Key Terms

restricted stock, 2021 Equity Incentive Plan, vest in full, Grant, award, or other acquisition

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."

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

FAQ

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

What insider transaction did Eastern Bankshares (EBC) report for Andargachew S. Zelleke?

Eastern Bankshares reported that director Andargachew S. Zelleke received 3,883 shares of restricted common stock as an equity award. The shares were granted at no purchase price under the 2021 Equity Incentive Plan as compensation, not as an open-market stock purchase.

When do Andargachew S. Zelleke’s restricted shares in Eastern Bankshares (EBC) vest?

The 3,883 restricted shares granted to Andargachew S. Zelleke are scheduled to vest in full on May 18, 2026. Vesting means the restrictions lapse on that date, and the shares become fully owned without forfeiture conditions, assuming the plan’s terms are satisfied.

How many Eastern Bankshares (EBC) shares does Andargachew S. Zelleke hold after this Form 4 transaction?

After the reported grant, Andargachew S. Zelleke directly holds 13,595 Eastern Bankshares common shares. This total consists of 9,712 unrestricted shares plus 3,883 restricted shares from the new equity award disclosed in the filing.

Was the Eastern Bankshares (EBC) Form 4 transaction an open-market stock purchase?

No. The Form 4 shows a grant of 3,883 restricted shares at a price of $0.0000 per share, indicating an equity award. It was issued under the 2021 Equity Incentive Plan rather than bought in the open market by the director.

Under what plan were the new Eastern Bankshares (EBC) shares granted to director Zelleke?

The 3,883 restricted shares were granted under Eastern Bankshares’ 2021 Equity Incentive Plan. This plan provides equity-based compensation, and the award’s terms include full vesting on May 18, 2026, as disclosed in the Form 4 footnotes.

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

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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^*

Zelleke Andargachew S

(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	13,595(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) 9,712 shares of common stock; and (ii) 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)