Eastern Bankshares (EBC) director awarded 3,883 restricted stock shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Schmidt Cathleen Agnes
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,883 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,011 shares (Direct, null);
Common Stock — 19,169 shares (Indirect, Held in Trust)
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) 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"
