Eastern Bankshares CFO exercises 11.4K RSUs
Eastern Bankshares’ CFO exercised restricted stock units into common shares and had a portion of stock withheld to cover exercise price or tax obligations.
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Form Type
4
Rhea-AI Filing Summary
Eastern Bankshares, Inc. (EBC) reported that Chief Financial Officer R. David Rosato exercised 11,356 restricted stock units into an equal number of shares of common stock on September 3, 2026. On the same date, 3,354 common shares were delivered or withheld at $22.08 per share for payment of exercise price or tax liability, and Rosato continues to hold additional restricted stock units and 50,000 common shares indirectly through a spouse’s trust.
Insider Trade Summary
11,356 shares exercised/converted
Exercise
6 txns
Insider
Rosato R David
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 11,356 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 11,356 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,354 | $22.08 | $74K |
| holding | Restricted Stock Units F1, F3 | -- | -- | -- |
| holding | Restricted Stock Units F1, F4 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 30,787 contracts for 19,429 underlying shares (Direct);
Common Stock — 18,734 shares (Direct);
Common Stock — 50,000 shares (Indirect, By Spouse in Trust)
Footnotes (4)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. On September 3, 2024, the reporting person was granted 34,070 restricted stock units that vest in three equal annual installments beginning September 3, 2025, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
- F3. On March 3, 2025, the reporting person was granted 12,408 restricted stock units that vest in three equal annual installments beginning March 3, 2026, after market close, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
- F4. On March 2, 2026, the reporting person was granted 11,156 restricted stock units that vest in three equal annual installments beginning March 2, 2027, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
Key Figures
RSUs exercised: 11,356 units
Common shares acquired from RSUs: 11,356 shares
Shares delivered/withheld for exercise price or tax liability: 3,354 shares
+4 more
7 metrics
RSUs exercised
11,356 units
Restricted stock units converted into common stock on September 3, 2026
Common shares acquired from RSUs
11,356 shares
Shares of Eastern Bankshares common stock received upon RSU conversion
Shares delivered/withheld for exercise price or tax liability
3,354 shares
Common stock used to cover exercise price or tax liability on September 3, 2026
Per-share value for withheld shares
$22.08 per share
Price applied to 3,354 common shares delivered or withheld
Indirect common stock holdings
50,000 shares
Common shares held indirectly by spouse in trust after the transactions
Unvested RSUs (grant March 3, 2025)
8,273 underlying shares
Restricted stock units vesting in three equal annual installments beginning March 3, 2026
Unvested RSUs (grant March 2, 2026)
11,156 underlying shares
Restricted stock units vesting in three equal annual installments beginning March 2, 2027
Key Terms
Restricted stock units, one-for-one basis, tax liability, indirect, +1 more
5 terms
Restricted stock units financial
"Restricted stock units convert into common stock on a one-for-one basis"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
one-for-one basis financial
"Restricted stock units convert into common stock on a one-for-one basis"
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
indirect financial
"Common Stock holding reported as indirect, by spouse in trust"
vest in three equal annual installments financial
"Restricted stock units that vest in three equal annual installments"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did EBC’s CFO report on this Form 4?
The CFO, R. David Rosato, exercised 11,356 restricted stock units into common stock and had 3,354 common shares delivered or withheld at $22.08 per share to pay the exercise price or tax liability, all dated September 3, 2026.
Does the EBC Form 4 show if the CFO used a Rule 10b5-1 trading plan?
The filing indicates that no Rule 10b5-1 trading plan was reported for these transactions, as the applicable plan checkbox is not marked as being relied upon.
What EBC equity awards does the CFO still hold after this transaction?
After the reported transactions, R. David Rosato still holds restricted stock units covering 8,273 and 11,156 underlying shares of common stock, which vest in equal annual installments beginning in 2026 and 2027, subject to continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
