Eastern Bankshares Executive Chair acquires 44,642 EBC shares at ~$16.71

Rhea-AI Filing Summary

Eastern Bankshares insider purchase reported. On 08/25/2025 Executive Chair and Director Robert Francis Rivers acquired 44,642 shares of Eastern Bankshares, Inc. (EBC) at an average price of $16.71 per share, with actual prices ranging $16.68 to $16.81. After the purchase the reporting person beneficially owned 353,274 shares directly plus 3,976 shares indirectly (includes shares from automatic dividend reinvestment). The filing notes 200,000 shares held in joint tenancy with spouse. The Form 4 was signed by Kathleen R. Henry by power of attorney on 08/26/2025.

Positive

• Insider purchase reported: 44,642 shares acquired, signaling insider buying activity.
• Detailed price disclosure: average $16.71 and actual price range $16.68 to $16.81 are provided.
• Clear beneficial ownership breakdown: 353,274 direct shares, 3,976 indirect shares, and disclosure of 200,000 jointly held shares.

Negative

• No information on total outstanding shares or percentage ownership: Form 4 does not state stake as a percentage of company equity.
• Materiality cannot be assessed from this filing alone: the Form 4 lacks context on whether the purchase size is material to holdings or company float.

Insights

Financial Analyst

TL;DR: Insider bought 44,642 shares at ~$16.71, modestly increasing direct ownership.

The reported purchase of 44,642 shares at an average price of $16.71 increases the reporting person’s direct holdings to 353,274 shares. The transaction is a straightforward open-market acquisition reported on Form 4 and the filing discloses the actual price range ($16.68 to $16.81). From a quantitative standpoint the trade size should be evaluated relative to total outstanding shares for materiality; that information is not provided in this Form 4. The report also clarifies 200,000 shares are held jointly with the spouse and 3,976 shares are held indirectly via automatic dividend reinvestment.

Corporate Governance Expert

TL;DR: Director/Executive Chair purchase signals alignment but disclosure is routine and timely.

The filing shows timely Section 16 reporting for an insider purchase by the Executive Chair who is also a director. The Form 4 includes required disclosures: transaction date 08/25/2025, prices range, and beneficial ownership breakdown. The signature by power of attorney is noted and the report complies with Form 4 formatting. No departures from standard disclosure practice are evident in the document.

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^*

Rivers Robert Francis

(Last) (First) (Middle)

125 HIGH STREET

(Street)

BOSTON MA 02110

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	Executive Chair

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	08/25/2025		P		44,642	A	$16.71(1)	353,274	D(2)
Common Stock								3,976	I(3)	By ESOP

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. Represents the average purchase price. The actual purchase prices range from $16.68 to $16.81 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.

2. Includes 200,000 shares held in joint tenancy with spouse.

3. Reflects the amount of shares beneficially owned, including shares received due to automatic dividend reinvestment, as of the date of this report.

	/s/ Kathleen R. Henry, by Power of Attorney	08/26/2025
	** 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.

FAQ

What transaction did Robert Francis Rivers report on Form 4 for EBC?

The Form 4 reports Mr. Rivers acquired 44,642 shares of Eastern Bankshares (EBC) on 08/25/2025.

At what price were the EBC shares purchased in the Form 4 filing?

The filing shows an average price of $16.71 per share with actual purchase prices ranging from $16.68 to $16.81.

How many EBC shares does the reporting person beneficially own after the reported transaction?

After the transaction the filing reports 353,274 shares directly plus 3,976 shares indirectly.

Does the Form 4 disclose any jointly held shares for the reporting person?

Yes. The filing states it includes 200,000 shares held in joint tenancy with spouse.

When was the Form 4 signed and by whom?

The Form 4 was signed on 08/26/2025 by Kathleen R. Henry by power of attorney for the reporting person.