Eastern Bankshares (EBC) EVP reports stock awards and tax share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eastern Bankshares, Inc. Executive VP Steven Louis Antonakes reported multiple equity awards and related share movements. On March 2, 2026, he received 4,629 restricted stock units (RSUs) that vest in three equal annual installments beginning March 2, 2027. On March 1, 2026, he was granted 4,150 shares of common stock.
Several RSU exercises or conversions on March 1, 2026 delivered common shares, with a portion of those shares (3,935 and 1,219 shares at $19.56 per share) withheld to cover tax obligations. After these transactions, he directly held 73,202 shares of common stock, plus 33,163 RSUs and indirect holdings of 13,109 common shares by a 401(k) and 4,921 common shares by an ESOP as of the reporting date. A performance RSU award tied to total shareholder return over January 1, 2023 through December 31, 2025 paid out at 93.1% of target.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,788 shares exercised/converted
Mixed
11 txns
Insider
Antonakes Steven Louis
Role
Executive VP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,629 | $0.00 | -- |
| Exercise | Restricted Stock Units | 9,488 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,487 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,813 | $0.00 | -- |
| Exercise | Common Stock | 12,788 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,935 | $19.56 | $77K |
| Grant/Award | Common Stock | 4,150 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,219 | $19.56 | $24K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,629 shares (Direct);
Common Stock — 74,206 shares (Direct);
Common Stock — 13,109 shares (Indirect, By 401(k))
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. Reflects the amount of shares beneficially owned, including shares received due to automatic dividend reinvestment, as of the date of this report. Each restricted stock unit represents a contingent right to receive one share of EBC common stock on the applicable vesting date. On March 1, 2022, the reporting person was granted 47,438 restricted stock units that vest in five equal annual installments beginning March 1, 2023, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date. On March 1, 2023, the reporting person was granted 4,458 restricted stock units that vest in three equal annual installments beginning March 1, 2024, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date. On March 1, 2024, the reporting person was granted 5,439 restricted stock units that vest in three equal annual installments beginning March 1, 2025, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date. On March 3, 2025, the reporting person was granted 33,163 restricted stock units of which 4,963 vest in three equal annual installments beginning March 3, 2026 and 28,200 vest after 3 years, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date. On March 2, 2026, the reporting person was granted 4,629 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. Represents shares of Eastern Bankshares, Inc. (the "Company") common stock, par value $0.01 per share ("Common Stock") received upon vesting of a performance restricted stock unit ("PRSU") award eligible to vest based upon the Company's performance on total shareholder return ("TSR") measured at the end of the three-year performance period of January 1, 2023 through December 31, 2025 (the "Performance Period") relative to TSR performance over that performance period of the banks listed on the KBW Nasdaq Regional Banking Index (the "TSR Measure"). The Compensation and Human Capital Management Committee determined that the Company's performance of the TSR Measure resulted in a payout of 93.1% of target.
