Eastern Bankshares (EBC) director sells 1,710 shares under 10b5-1 plan

Rhea-AI Filing Summary

Eastern Bankshares, Inc. director Luis Borgen sold 1,710 shares of Common Stock in an open-market transaction at an average price of $22.71 per share. The sale was executed on July 6, 2026 pursuant to his Rule 10b5-1 trading plan, indicating it was pre-arranged. After this sale, he holds a total of 20,475 shares, consisting of 4,172 shares of common stock, 12,420 shares of restricted stock that vest ratably over five years from a November 30, 2021 grant, and 3,883 shares of restricted stock that vest on the anniversary of a May 18, 2026 grant.

Insider Trade Summary 10b5-1

Net Seller: 1,710 shares ($38,834)

Net Sell 1 txn

Insider Borgen Luis

Role null

Sold 1,710 shs ($39K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,710	$22.71	$39K

Holdings After Transaction: Common Stock — 20,475 shares (Direct, null)

Footnotes (1)

1. Sale of shares executed on July 6, 2026 pursuant to Reporting Person's 10b5-1 plan. Represents the average sale price. The actual sale prices range from $22.56 to $22.84 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request. Consists of (i) 4,172 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 that vest on the anniversary of the May 18, 2026 date of grant.

Key Figures

Shares sold: 1,710 shares Average sale price: $22.71 per share Sale price range: $22.56–$22.84 per share +4 more

7 metrics

Shares sold 1,710 shares Open-market sale on July 6, 2026

Average sale price $22.71 per share Common Stock sale

Sale price range $22.56–$22.84 per share Price range for executed trades

Shares held after transaction 20,475 shares Total direct holdings following sale

Common stock component 4,172 shares Portion of post-transaction holdings

Restricted stock vesting over five years 12,420 shares Grant dated November 30, 2021, vesting ratably

Additional restricted stock grant 3,883 shares Grant dated May 18, 2026, vesting on anniversary

Key Terms

Rule 10b5-1 plan, open-market sale, restricted stock, average sale price

4 terms

Rule 10b5-1 plan regulatory

"Sale of shares executed on July 6, 2026 pursuant to Reporting Person's 10b5-1 plan."

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

restricted stock financial

"12,420 remaining shares of restricted stock that vest ratably over a five-year period"

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.

average sale price financial

"Represents the average sale price. The actual sale prices range from $22.56 to $22.84 per share."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/07/2026 - 04:15 PM Accepted by SEC EDGAR 07/07/2026 - 04:15 PM Learn about SEC filing dates

FAQ

What insider transaction did Eastern Bankshares (EBC) report for Luis Borgen?

Eastern Bankshares reported that director Luis Borgen sold 1,710 shares of Common Stock. The transaction occurred on July 6, 2026 as an open-market sale, documented on a Form 4 insider filing, and reflects a routine portfolio move rather than a new share issuance.

How many Eastern Bankshares (EBC) shares did Luis Borgen sell and at what price?

Luis Borgen sold 1,710 Eastern Bankshares Common Stock shares at an average price of $22.71. A footnote explains sale prices ranged from $22.56 to $22.84 per share, and full trade details by price level are available from the company or SEC upon request.

Was Luis Borgen’s Eastern Bankshares (EBC) stock sale under a 10b5-1 plan?

Yes. The Form 4 states that the July 6, 2026 sale was executed pursuant to Luis Borgen’s Rule 10b5-1 plan. These plans pre-schedule trades, helping separate routine diversification or liquidity needs from discretionary trading decisions based on short-term market conditions.

How many Eastern Bankshares (EBC) shares does Luis Borgen hold after this sale?

After the transaction, Luis Borgen holds 20,475 Eastern Bankshares shares. This includes 4,172 common shares and 16,303 restricted shares, providing ongoing equity exposure through a mix of immediately owned stock and awards that vest over future years as specified in grant terms.

What restricted stock awards does Luis Borgen have in Eastern Bankshares (EBC)?

Luis Borgen holds 12,420 shares of restricted stock that vest ratably over five years from a November 30, 2021 grant. He also holds 3,883 restricted shares that vest on the anniversary of a May 18, 2026 grant, aligning his compensation with future company performance.

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
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

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^*

Borgen Luis

(Last) (First) (Middle)

125 HIGH STREET

(Street)

BOSTON MASSACHUSETTS 02110

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Eastern Bankshares, Inc. [ EBC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	07/06/2026		S		1,710(1)	D	$22.71(2)	20,475(3)	D

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. Sale of shares executed on July 6, 2026 pursuant to Reporting Person's 10b5-1 plan.

2. Represents the average sale price. The actual sale prices range from $22.56 to $22.84 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.

3. Consists of (i) 4,172 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 that vest on the anniversary of the May 18, 2026 date of grant.

	/s/ Laura Vaughn Burek, by Power of Attorney	07/07/2026
	** 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.
* Form 4: SEC 1474 (03-26)