Eastern Bankshares CFO Adds RSUs, Ends with 22,714 Beneficial Shares

Rhea-AI Filing Summary

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.

Positive

• 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

Negative

• Disposition of 3,334 shares at $17.02 reduced the reporting person's direct holdings to 8,022 shares

Insights

Financial Analyst

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.

Corporate Governance Expert

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.

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
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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^*

Rosato R David

(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)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2025

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	09/03/2025		M		11,356(1)	A	$0	11,356	D
Common Stock	09/03/2025		F		3,334	D	$17.02	8,022	D
Common Stock								20,000	I	By Spouse in Trust

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
Restricted Stock Units	(1)	09/03/2025		M			11,356	(3)	(3)	Common stock	11,356	$0	22,714	D
Restricted Stock Units	(2)							(4)	(4)	Common stock	12,408		12,408	D

Explanation of Responses:

1. Restricted stock units convert into common stock on a one-for-one basis.

2. Each restricted stock unit represents a contingent right to receive one share of EBC common stock on the applicable vesting date.

3. On September 3, 2024, the reporting person was granted 34,070 restricted stock units that vest in three equal annual installments beginning September 3, 2025, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.

4. On March 3, 2025, the reporting person was granted 12,408 restricted stock units that vest in three equal annual installments beginning March 1, 2026, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.

	/s/ Kathleen R. Henry, by Power of Attorney	09/04/2025
	** 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.
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FAQ

What transactions did Eastern Bankshares (EBC) CFO R. David Rosato report on Form 4?

The CFO reported conversion/acquisition of 11,356 restricted stock units into common shares and a sale of 3,334 shares at $17.02.

How many shares does the reporting person beneficially own after the transactions?

Following the reported transactions, the reporting person beneficially owns 22,714 shares in total (8,022 direct and 20,000 indirect via spouse in trust).

What is the nature of the restricted stock unit grants disclosed?

One grant of 34,070 RSUs vests in three equal annual installments beginning the first listed vesting date; a later grant of 12,408 RSUs similarly vests in three equal annual installments beginning the later vesting date.

Were any derivative securities reported on the Form 4?

The Form 4 reports restricted stock units that convert into common stock on a one-for-one basis; no options, puts, or calls were reported.

Does the filing disclose indirect ownership and its nature?

Yes, the filing discloses an indirect holding of 20,000 shares held by the reporting person's spouse in a trust.