Eastern Bankshares (EBC) director awarded 3,883 restricted stock shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Harlam Bari A reported acquisition or exercise transactions in this Form 4 filing.
Eastern Bankshares, Inc. director Bari A. Harlam received a grant of 3,883 shares of restricted common stock at no cost under the company’s 2021 Equity Incentive Plan. This restricted stock is scheduled to vest in full on May 18, 2026.
After this award, Harlam directly holds 81,967 shares, consisting of 65,664 shares of common stock, 12,420 previously granted restricted shares that vest over five years from November 30, 2021, and the 3,883 new restricted shares reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harlam Bari A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,883 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 81,967 shares (Direct, null)
Footnotes (1)
- These shares represent restricted stock that was granted under the Issuer's 2021 Equity Incentive Plan pursuant to the terms of such plan. This restricted stock is scheduled to vest in full on the anniversary of the grant date of May 18, 2026. Consists of (i) 65,664 shares of common stock; (ii) 12,420 remaining shares of restricted stock that vest ratably over a five-year period on the anniversary of the November 30, 2021 date of grant; and (iii) 3,883 shares of restricted stock reported on this Form 4.
Key Figures
Restricted shares granted: 3,883 shares
Total shares after transaction: 81,967 shares
Common stock holdings: 65,664 shares
+2 more
5 metrics
Restricted shares granted
3,883 shares
Restricted stock grant on May 18, 2026 vesting schedule
Total shares after transaction
81,967 shares
Direct holdings following the May 18, 2026 grant
Common stock holdings
65,664 shares
Portion of total direct holdings that is common stock
Prior restricted stock
12,420 shares
Restricted stock vesting ratably over five years from Nov 30, 2021
Grant price per share
$0.0000 per share
Reported transaction price for the restricted stock award
Key Terms
restricted stock, 2021 Equity Incentive Plan, vest, common stock
4 terms
restricted stock financial
"These shares represent restricted stock that was granted under the Issuer's 2021 Equity Incentive Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2021 Equity Incentive Plan financial
"granted under the Issuer's 2021 Equity Incentive Plan pursuant to the terms of such plan"
vest financial
"This restricted stock is scheduled to vest in full on the anniversary of the grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
common stock financial
"Consists of (i) 65,664 shares of common stock; (ii) 12,420 remaining shares of restricted stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
