Eastern Bankshares director gets 3,883 restricted shares

Schmidt Cathleen Agnes reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 05/20/2026 - 04:15 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Schmidt Cathleen Agnes reported acquisition or exercise transactions in this Form 4 filing.

Eastern Bankshares, Inc. director Cathleen Agnes Schmidt reported an equity compensation grant and updated share holdings. She received 3,883 shares of restricted common stock at $0.00 per share as a grant under the company’s 2021 Equity Incentive Plan. According to a footnote, this restricted stock is scheduled to vest in full on the anniversary of the grant date of May 18, 2026. After this award, she directly holds 13,011 shares of common stock, consisting of 9,128 regular shares and the 3,883 restricted shares, and indirectly holds 19,169 shares in a trust.

Insider Trade Summary

Grant/Award: 3,883 shares

Grant/Award 1 txn

Insider Schmidt Cathleen Agnes

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,883	$0.00	$0.00
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 13,011 shares (Direct); Common Stock — 19,169 shares (Indirect, Held in Trust)

Footnotes (2)

1. F1. 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.
2. F2. Consists of (i) 9,128 shares of common stock; and (ii) 3,883 shares of restricted stock reported on this Form 4.

Key Figures

Restricted stock grant: 3,883 shares Grant price: $0.00 per share Direct holdings after grant: 13,011 shares +2 more

5 metrics

Restricted stock grant 3,883 shares Common Stock grant under 2021 Equity Incentive Plan

Grant price $0.00 per share Price for 3,883 restricted shares granted on May 18, 2026

Direct holdings after grant 13,011 shares Common stock directly owned following the transaction

Indirect holdings in trust 19,169 shares Common stock held indirectly in a trust

Vesting date May 18, 2026 Restricted stock vests in full on this anniversary date

Key Terms

restricted stock, 2021 Equity Incentive Plan, vest, Held in Trust

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

"restricted stock that was 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.

Held in Trust financial

"total_shares_following_transaction 19169.0000, direct_or_indirect I, nature_of_ownership Held in Trust"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did Eastern Bankshares (EBC) report for Cathleen Agnes Schmidt?

Eastern Bankshares director Cathleen Agnes Schmidt reported an equity compensation grant of 3,883 restricted common shares and updated her direct and indirect holdings, reflecting routine director compensation rather than an open-market stock purchase or sale.

How many restricted shares did the Eastern Bankshares (EBC) director receive?

Cathleen Agnes Schmidt received 3,883 shares of restricted common stock as a grant. These shares were awarded at $0.00 per share under the 2021 Equity Incentive Plan, indicating a compensation-related award instead of a market transaction.

When do the new restricted shares for Eastern Bankshares (EBC) director vest?

The 3,883 restricted shares granted to Cathleen Agnes Schmidt are scheduled to vest in full on May 18, 2026. Vesting means the shares become fully owned by her on that date, assuming plan conditions are satisfied.

What are Cathleen Agnes Schmidt’s direct share holdings in Eastern Bankshares (EBC) after this Form 4?

After the reported grant, Cathleen Agnes Schmidt directly holds 13,011 Eastern Bankshares common shares. This total includes 9,128 regular shares plus the newly granted 3,883 restricted shares reported in the Form 4 footnote disclosure.

Does the Eastern Bankshares (EBC) Form 4 show any open-market stock sales or purchases?

The Form 4 does not show open-market purchases or sales. It reports a grant of 3,883 restricted shares as director compensation and a separate entry reflecting 19,169 shares held indirectly in a trust as an updated holding.

How many Eastern Bankshares (EBC) shares does Cathleen Agnes Schmidt hold indirectly?

Cathleen Agnes Schmidt is reported as having 19,169 Eastern Bankshares common shares held indirectly in a trust. This holding entry reflects shares attributed to her through that trust structure, separate from her directly owned shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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).

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^*

Schmidt Cathleen Agnes

(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)
05/18/2026

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	05/18/2026		A		3,883(1)	A	$0	13,011(2)	D
Common Stock								19,169	I	Held 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

Explanation of Responses:

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.

2. Consists of (i) 9,128 shares of common stock; and (ii) 3,883 shares of restricted stock reported on this Form 4.

	/s/ Laura Vaughn Burek	05/20/2026
	** 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)