[Form 4] Eastern Bankshares, Inc. Insider Trading Activity
Eastern Bankshares insider activity by CFO R. David Rosato: The reporting person received 11,356 restricted stock units that converted into common shares and acquired an additional 11,356 shares via RSU conversion, while disposing of 3,334 shares at $17.02, leaving 8,022 shares directly held. There is an indirect holding of 20,000 shares held by spouse in trust, for a combined post-transaction beneficial ownership of 22,714 shares. Grants described include an earlier award of 34,070 RSUs vesting in three annual installments and a later grant of 12,408 RSUs vesting in three annual installments.
Attività dell'insider di Eastern Bankshares da parte del CFO R. David Rosato: La persona che segnala ha ricevuto 11.356 unità di azioni vincolate (RSU) convertite in azioni ordinarie e ha acquisito ulteriori 11.356 azioni tramite conversione di RSU, disponendo di 3.334 azioni vendute a $17,02, rimanendo con 8.022 azioni detenute direttamente. Esiste una posizione indiretta di 20.000 azioni detenuta dal coniuge in trust, per una proprietà beneficiaria complessiva post-transazione di 22.714 azioni. Le assegnazioni descritte comprendono un precedente premio di 34.070 RSU con maturazione in tre tranche annuali e una successiva assegnazione di 12.408 RSU con maturazione in tre tranche annuali.
Actividad del insider de Eastern Bankshares por parte del CFO R. David Rosato: La persona informante recibió 11.356 unidades de acciones restringidas (RSU) que se convirtieron en acciones comunes y adquirió además 11.356 acciones mediante conversión de RSU, disponiendo de 3.334 acciones vendidas a $17,02, quedando con 8.022 acciones en propiedad directa. Hay una tenencia indirecta de 20.000 acciones mantenida por el cónyuge en un fideicomiso, para una propiedad beneficiaria combinada posterior a la transacción de 22.714 acciones. Las concesiones descritas incluyen una anterior adjudicación de 34.070 RSU que vencen en tres anualidades y una concesión posterior de 12.408 RSU con vencimiento en tres anualidades.
Eastern Bankshares 내부자 거래 내역 — CFO R. David Rosato: 보고자는 11,356개의 제한부 주식 단위(RSU)를 받아 보통주로 전환했으며, RSU 전환을 통해 추가로 11,356주를 취득하고 $17.02에 3,334주를 처분해 8,022주를 직접 보유하게 됐습니다. 배우자가 신탁으로 보유한 20,000주의 간접 보유가 있어, 거래 후 총 실질적 소유는 22,714주입니다. 설명된 부여 내역에는 3년에 걸쳐 연차별로 베스팅되는 34,070 RSU의 이전 수여와, 마찬가지로 3년간 연차 베스팅되는 12,408 RSU의 이후 수여가 포함됩니다.
Activité d'initié d'Eastern Bankshares par le CFO R. David Rosato : La personne déclarante a reçu 11 356 unités d'actions restreintes (RSU) converties en actions ordinaires et a acquis en outre 11 356 actions par conversion de RSU, tout en cédant 3 334 actions à 17,02 $, laissant 8 022 actions détenues directement. Il existe une participation indirecte de 20 000 actions détenue par le conjoint dans une fiducie, pour une propriété bénéficiaire combinée post‑transaction de 22 714 actions. Les attributions mentionnées incluent une attribution antérieure de 34 070 RSU acquérant en trois versements annuels et une attribution ultérieure de 12 408 RSU acquérant également en trois versements annuels.
Insider-Aktivitäten bei Eastern Bankshares durch CFO R. David Rosato: Die meldepflichtige Person erhielt 11.356 Restricted Stock Units (RSU), die in Stammaktien umgewandelt wurden, und erwarb zusätzlich 11.356 Aktien durch RSU-Umwandlung. Gleichzeitig wurden 3.334 Aktien zu $17,02 veräußert, sodass 8.022 Aktien direkt gehalten bleiben. Es besteht eine indirekte Beteiligung von 20.000 Aktien, die der Ehepartner in einem Trust hält, was zu einem kombinierten nach der Transaktion effektiven Besitz von 22.714 Aktien führt. Die beschriebenen Zuteilungen umfassen eine frühere Gewährung von 34.070 RSU mit jährlicher Vesting in drei Raten und eine spätere Zuteilung von 12.408 RSU, ebenfalls mit dreijährigem Vesting.
- Acquisition of 11,356 RSUs that convert one-for-one to common stock, increasing executive equity alignment with shareholders
- Long-term vesting schedule (grants vesting in three equal annual installments) supports retention and alignment
- Transparent reporting of direct holdings and indirect holdings held by spouse in trust
- Disposition of 3,334 shares at $17.02 reduced the reporting person's direct holdings to 8,022 shares
Insights
TL;DR: Insider received meaningful equity compensation and executed a modest sale, modestly altering direct ownership while preserving sizable indirect holdings.
The transaction shows the CFO acquiring equity through restricted stock unit awards that convert one-for-one into common shares, which aligns management incentives with shareholders by increasing long-term equity exposure. The sale of 3,334 shares at $17.02 reduced immediate direct holdings but represents a small portion of total beneficial ownership when indirect trust holdings are included. Overall, the activity is compensation-driven rather than a large-scale divestiture and is likely neutral-to-slightly positive from an alignment perspective.
TL;DR: Equity grants structured with multi-year vesting indicate retention focus; the disclosed sale is routine and not indicative of governance concerns.
The awards described—one grant vesting in three equal annual installments and a subsequent grant also vesting over three years—are typical for executive retention and incentive alignment. The reporting shows clear disclosure of direct and indirect holdings, including spouse-held trust shares, which supports transparency. No unusual option terms or accelerations are disclosed. From a governance standpoint, the filing reflects standard executive compensation and reporting practices.
Attività dell'insider di Eastern Bankshares da parte del CFO R. David Rosato: La persona che segnala ha ricevuto 11.356 unità di azioni vincolate (RSU) convertite in azioni ordinarie e ha acquisito ulteriori 11.356 azioni tramite conversione di RSU, disponendo di 3.334 azioni vendute a $17,02, rimanendo con 8.022 azioni detenute direttamente. Esiste una posizione indiretta di 20.000 azioni detenuta dal coniuge in trust, per una proprietà beneficiaria complessiva post-transazione di 22.714 azioni. Le assegnazioni descritte comprendono un precedente premio di 34.070 RSU con maturazione in tre tranche annuali e una successiva assegnazione di 12.408 RSU con maturazione in tre tranche annuali.
Actividad del insider de Eastern Bankshares por parte del CFO R. David Rosato: La persona informante recibió 11.356 unidades de acciones restringidas (RSU) que se convirtieron en acciones comunes y adquirió además 11.356 acciones mediante conversión de RSU, disponiendo de 3.334 acciones vendidas a $17,02, quedando con 8.022 acciones en propiedad directa. Hay una tenencia indirecta de 20.000 acciones mantenida por el cónyuge en un fideicomiso, para una propiedad beneficiaria combinada posterior a la transacción de 22.714 acciones. Las concesiones descritas incluyen una anterior adjudicación de 34.070 RSU que vencen en tres anualidades y una concesión posterior de 12.408 RSU con vencimiento en tres anualidades.
Eastern Bankshares 내부자 거래 내역 — CFO R. David Rosato: 보고자는 11,356개의 제한부 주식 단위(RSU)를 받아 보통주로 전환했으며, RSU 전환을 통해 추가로 11,356주를 취득하고 $17.02에 3,334주를 처분해 8,022주를 직접 보유하게 됐습니다. 배우자가 신탁으로 보유한 20,000주의 간접 보유가 있어, 거래 후 총 실질적 소유는 22,714주입니다. 설명된 부여 내역에는 3년에 걸쳐 연차별로 베스팅되는 34,070 RSU의 이전 수여와, 마찬가지로 3년간 연차 베스팅되는 12,408 RSU의 이후 수여가 포함됩니다.
Activité d'initié d'Eastern Bankshares par le CFO R. David Rosato : La personne déclarante a reçu 11 356 unités d'actions restreintes (RSU) converties en actions ordinaires et a acquis en outre 11 356 actions par conversion de RSU, tout en cédant 3 334 actions à 17,02 $, laissant 8 022 actions détenues directement. Il existe une participation indirecte de 20 000 actions détenue par le conjoint dans une fiducie, pour une propriété bénéficiaire combinée post‑transaction de 22 714 actions. Les attributions mentionnées incluent une attribution antérieure de 34 070 RSU acquérant en trois versements annuels et une attribution ultérieure de 12 408 RSU acquérant également en trois versements annuels.
Insider-Aktivitäten bei Eastern Bankshares durch CFO R. David Rosato: Die meldepflichtige Person erhielt 11.356 Restricted Stock Units (RSU), die in Stammaktien umgewandelt wurden, und erwarb zusätzlich 11.356 Aktien durch RSU-Umwandlung. Gleichzeitig wurden 3.334 Aktien zu $17,02 veräußert, sodass 8.022 Aktien direkt gehalten bleiben. Es besteht eine indirekte Beteiligung von 20.000 Aktien, die der Ehepartner in einem Trust hält, was zu einem kombinierten nach der Transaktion effektiven Besitz von 22.714 Aktien führt. Die beschriebenen Zuteilungen umfassen eine frühere Gewährung von 34.070 RSU mit jährlicher Vesting in drei Raten und eine spätere Zuteilung von 12.408 RSU, ebenfalls mit dreijährigem Vesting.
FAQ
What transactions did Eastern Bankshares (EBC) CFO R. David Rosato report on Form 4?
How many shares does the reporting person beneficially own after the transactions?
What is the nature of the restricted stock unit grants disclosed?
Were any derivative securities reported on the Form 4?
Does the filing disclose indirect ownership and its nature?
