Eastern Bankshares (EBC) president adds 13,706 shares in open-market 401(k) buy

Rhea-AI Filing Summary

Eastern Bankshares, Inc. President Miller Quincy Lee reported an open-market purchase of 13,706 shares of Common Stock at $17.07 per share on August 27, 2025, through a 401(k) account. This transaction is reported as indirect ownership "By 401(k)." Following the reported activity, the filing shows 43,629 shares held directly, 83,240 shares held indirectly by an IRA, 1,280 shares held indirectly by a spouse’s IRA, and 3,976 shares held indirectly by an ESOP, all described as beneficially owned, including shares received through automatic dividend reinvestment.

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^*

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 transaction did Eastern Bankshares (EBC) report on August 27, 2025?

Eastern Bankshares reported that President Miller Quincy Lee bought 13,706 shares of Common Stock at $17.07 per share on August 27, 2025 through a 401(k). This was an open-market or private purchase reported as indirect ownership.

Who is the reporting person in this Eastern Bankshares (EBC) Form 4 filing?

The reporting person is Miller Quincy Lee, President of Eastern Bankshares, Inc. The filing identifies him as an officer, not a director or 10% owner, and details both his direct and various indirect beneficial holdings in the company’s Common Stock.

How many Eastern Bankshares (EBC) shares did Miller Quincy Lee hold directly after the reported transaction?

After the reported transaction, Miller Quincy Lee beneficially owned 43,629 shares of Eastern Bankshares Common Stock directly. This direct position is separate from additional indirect holdings in retirement accounts, a spouse’s IRA, and an ESOP, which are also listed in the filing.

What indirect Eastern Bankshares (EBC) holdings are reported for Miller Quincy Lee?

The filing shows indirect beneficial ownership of 13,706 shares by a 401(k), 83,240 shares by an IRA, 1,280 shares by a spouse’s IRA, and 3,976 shares by an ESOP. These amounts include shares received through automatic dividend reinvestment as of the report date.

What transaction code was used in the Eastern Bankshares (EBC) Form 4 and what does it mean?

The transaction code used was “P,” indicating a purchase in the open market or a private transaction. In this case, it refers to the acquisition of 13,706 Eastern Bankshares Common Stock shares at $17.07 per share through a 401(k) plan.

Does the Eastern Bankshares (EBC) Form 4 indicate this is a joint filing?

No, the Form 4 is marked as filed by one reporting person. The checkbox for “Form filed by One Reporting Person” is selected, confirming that only President Miller Quincy Lee is reporting the listed holdings and transaction.