Eastern Bankshares (EBC) president exercises RSUs, with 2,493 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eastern Bankshares, Inc. President Quincy Lee exercised 5,621 restricted stock units into common stock on March 3, 2026, converting them one-for-one into shares at $0.00 per share. To cover tax obligations, 2,493 common shares were disposed of at $19.45 per share through share withholding. Following these transactions, Lee directly held 66,538 common shares, plus additional common stock and restricted stock units through direct and indirect holdings, including 401(k), IRA, spouse IRA, and ESOP accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,621 shares exercised/converted
Mixed
10 txns
Insider
Miller Quincy Lee
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,621 | $0.00 | -- |
| Exercise | Common Stock | 5,621 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,493 | $19.45 | $48K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 11,243 shares (Direct);
Common Stock — 69,031 shares (Direct);
Common Stock — 13,900 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. On March 1, 2022, the reporting person was granted 71,157 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, 2024, the reporting person was granted 21,186 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 16,864 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. On March 2, 2026, the reporting person was granted 15,162 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.
