[Form 4] Eastern Bankshares, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Eastern Bankshares insider transactions: The filing reports that on 08/27/2025 the reporting person executed a purchase of 13,706 shares of Common Stock at $17.07 per share (transaction code P) and a disposition of 43,629 shares (no price listed for the disposition). The report lists beneficial ownership held in several indirect accounts: 13,706 shares in a 401(k), 83,240 shares in an IRA, 1,280 shares in a spouse's IRA, and 3,976 shares attributed to an ESOP. An explanatory note states share totals reflect automatic dividend reinvestment as of the report date.

Positive

• Insider purchase disclosed: 13,706 shares acquired at $17.07, showing an add-to-position transaction.
• Detailed indirect holdings provided: Breakout of 401(k), IRA, spouse IRA and ESOP balances improves transparency.

Negative

• Large disposition reported: 43,629 shares were disposed of with no price disclosed in the filing.
• Lack of context for disposition: Filing does not state whether transactions were under a 10b5-1 plan or pre-arranged instructions.

Insights

Securities Analyst

TL;DR: Routine insider purchase coinciding with a larger disposition; net change and motive not disclosed.

The Form 4 documents a contemporaneous purchase of 13,706 shares at $17.07 and a separate disposition of 43,629 shares. The filing breaks out indirect holdings across retirement and ESOP accounts, indicating much of the reporter's stake is held indirectly. The filing does not disclose the proceeds or price for the disposition, nor does it explain whether the transactions were part of a planned trading program. For investors, this is a factual update on insider holdings rather than a clear signal about company prospects.

Corporate Governance Expert

TL;DR: Disclosure is compliant but lacks context on disposition; holdings appear concentrated in tax-advantaged accounts.

The report shows compliance with Section 16 reporting by itemizing acquisition and disposition activity and by identifying indirect ownership via IRA, 401(k), spouse IRA and ESOP. The explanatory note clarifies inclusion of dividend reinvestment. However, absence of a price for the 43,629-share disposition and no indication of reliance on a Rule 10b5-1 plan or other prearranged instruction limits interpretability. From a governance perspective, the filing is routine and informational.

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^*

Miller Quincy Lee

(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)
	President

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

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								43,629	D
Common Stock	08/27/2025		P		13,706	A	$17.07	13,706	I	By 401(k)
Common Stock								83,240	I	By IRA
Common Stock								1,280	I	By Spouse in IRA
Common Stock								3,976	I(1)	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. 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	08/29/2025
	** 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 insider transactions did Eastern Bankshares (EBC) report on Form 4?

The report shows a purchase of 13,706 shares at $17.07 on 08/27/2025 and a disposition of 43,629 shares (no price listed).

How much indirect ownership does the reporting person hold in EBC?

The filing lists 13,706 shares in a 401(k), 83,240 shares in an IRA, 1,280 shares in a spouse's IRA, and 3,976 shares in an ESOP.

Does the Form 4 indicate the disposition was part of a 10b5-1 plan?

No. The filing does not state that the disposition was made pursuant to a Rule 10b5-1 trading plan or other prearranged instruction.

Is the price for the 43,629-share disposition disclosed?

No. The filing lists the disposition amount but does not provide a price for that sale.

Does the filing explain the difference between reported holdings and automatic dividend reinvestment?

Yes. An explanatory note states share totals reflect shares received due to automatic dividend reinvestment as of the report date.