Eastern Bankshares (EBC) CFO exercises RSUs and withholds shares for tax payment

Rhea-AI Filing Summary

Eastern Bankshares, Inc. Chief Financial Officer R. David Rosato exercised 4,135 restricted stock units into 4,135 shares of common stock on March 3, 2026. To cover tax obligations, 1,425 common shares were disposed of at $19.45 per share. After these transactions, he directly held 10,732 common shares, plus reported holdings of 22,714 and 11,156 restricted stock units and an additional 40,000 common shares held indirectly "By Spouse in Trust."

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

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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^*

Rosato R David

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

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	03/03/2026		M		4,135(1)	A	$0	12,157	D
Common Stock	03/03/2026		F		1,425	D	$19.45	10,732	D
Common Stock								40,000	I	By Spouse in Trust

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
Restricted Stock Units	(1)							(2)	(2)	Common stock	22,714		22,714	D
Restricted Stock Units	(1)	03/03/2026		M			4,135	(3)	(3)	Common stock	4,135	$0	8,273	D
Restricted Stock Units	(1)							(4)	(4)	Common stock	11,156		11,156	D

Explanation of Responses:

1. Restricted stock units convert into common stock on a one-for-one basis.

2. 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.

3. 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.

4. 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.

	/s/ Kathleen R. Henry, by Power of Attorney	03/05/2026
	** 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.
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FAQ

What insider transactions did EBC CFO R. David Rosato report?

R. David Rosato reported exercising 4,135 restricted stock units into 4,135 common shares on March 3, 2026. He also disposed of 1,425 common shares at $19.45 per share to satisfy tax obligations related to this transaction.

How many Eastern Bankshares (EBC) shares does the CFO hold after this Form 4?

After the transactions, the CFO directly held 10,732 common shares of Eastern Bankshares. He also reported 22,714 and 11,156 restricted stock units and an additional 40,000 common shares held indirectly "By Spouse in Trust."

Was the EBC CFO’s share disposition an open-market sale?

The disposition of 1,425 common shares at $19.45 per share was coded "F", indicating a tax-withholding disposition. This reflects shares delivered to cover taxes, not an open-market discretionary sale of stock.

What does the RSU exercise by Eastern Bankshares (EBC) CFO involve?

The filing shows 4,135 restricted stock units converting into 4,135 shares of common stock at $0.00 per share. Footnotes state restricted stock units convert into common stock on a one-for-one basis when they vest and are issued.

What indirect holdings does the EBC CFO report on this Form 4?

The Form 4 reports 40,000 common shares held indirectly, noted as "By Spouse in Trust". These indirect holdings are listed separately from the CFO’s directly owned 10,732 common shares following the reported transactions.

What future vesting schedules are disclosed for the EBC CFO’s RSUs?

Footnotes describe RSU grants, including 11,156 restricted stock units granted on March 2, 2026, vesting in three equal annual installments beginning March 2, 2027, subject to continued service, with shares issued as soon as practicable after each vesting date.