Eastern Bankshares (NASDAQ: EBC) director granted 3,883 restricted shares

Rhea-AI Filing Summary

Palandjian Leon Aghababai reported acquisition or exercise transactions in this Form 4 filing.

Eastern Bankshares, Inc. director Leon Aghababai Palandjian reported receiving a grant of 3,883 shares of restricted common stock at no cost under the company’s 2021 Equity Incentive Plan. This restricted stock is scheduled to vest in full on May 18, 2026. After this award, he directly holds a total of 99,561 common shares, combining previously owned stock and the new restricted shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Palandjian Leon Aghababai

Role null

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

Holdings After Transaction: Common Stock — 99,561 shares (Direct, null)

Footnotes (1)

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. Consists of (i) 95,678 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: $0.00 per share Total holdings after grant: 99,561 shares +2 more

5 metrics

Restricted stock grant 3,883 shares Grant of restricted common stock on May 18, 2026 vesting schedule

Grant price $0.00 per share Compensation-related award, not a market purchase

Total holdings after grant 99,561 shares Director’s direct common stock holdings following the transaction

Previously held common stock 95,678 shares Existing common shares before adding the 3,883 restricted shares

Vesting date May 18, 2026 Date restricted stock is scheduled to vest in full

Key Terms

restricted stock, 2021 Equity Incentive Plan, vest in full

3 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

"restricted stock that was 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"

Form 4 Insider Transactions: What Each Field Means →

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^*

Palandjian Leon Aghababai

(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	99,561(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) 95,678 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)

FAQ

What insider transaction did Eastern Bankshares (EBC) report for Leon Aghababai Palandjian?

Eastern Bankshares reported that director Leon Aghababai Palandjian received 3,883 shares of restricted common stock as a grant. The award was made at no cost under the 2021 Equity Incentive Plan and increases his direct holdings in the company.

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

After the reported grant, Leon Aghababai Palandjian directly holds 99,561 shares of Eastern Bankshares common stock. This total includes 95,678 previously held shares plus the 3,883 newly granted restricted shares disclosed in the Form 4 filing.

When do the newly granted Eastern Bankshares (EBC) restricted shares vest?

The 3,883 restricted shares granted to director Leon Aghababai Palandjian are scheduled to vest in full on May 18, 2026. Vesting means the restrictions lapse, and he gains full ownership rights to those shares at that time.

What plan governs the restricted stock grant reported for Eastern Bankshares (EBC)?

The restricted stock grant was made under Eastern Bankshares’ 2021 Equity Incentive Plan. This plan provides equity-based compensation, such as restricted stock awards, to directors and other participants, aligning their interests with long-term shareholder value.

Was the Eastern Bankshares (EBC) director’s grant a market purchase or compensation award?

The transaction was a compensation-related award, not an open-market purchase. The Form 4 lists it as a grant or award acquisition at a price of $0.00 per share, reflecting stock-based compensation rather than a cash-funded share purchase.