Restricted stock grant lifts Eastern Bankshares (EBC) director holdings

Rhea-AI Filing Summary

Holbrook Richard Edward reported acquisition or exercise transactions in this Form 4 filing.

Eastern Bankshares director Richard Edward Holbrook received 3,883 shares of restricted common stock as a compensation grant. The award, granted at no cash cost, is scheduled to vest in full on May 18, 2026. After this grant, he directly owns 278,998 shares, including previously granted restricted stock and shares held in joint tenancy with his spouse.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Holbrook Richard Edward

Role null

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

Holdings After Transaction: Common Stock — 278,998 shares (Direct, null)

Footnotes (1)

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) 66,195 shares of common stock; (ii) 196,500 shares held in joint tenancy with spouse; (iii) 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 (iv) 3,883 shares of restricted stock reported on this Form 4.

Key Figures

Restricted stock grant: 3,883 shares Price per granted share: $0.0000 per share Total shares after grant: 278,998 shares +3 more

6 metrics

Restricted stock grant 3,883 shares Common Stock grant on May 18, 2026 vesting date

Price per granted share $0.0000 per share Compensation award, no cash paid by director

Total shares after grant 278,998 shares Beneficial ownership following reported transaction

Direct common stock 66,195 shares Part of total beneficial ownership

Joint tenancy shares 196,500 shares Held in joint tenancy with spouse

Prior restricted stock 12,420 shares Vests ratably over five years from November 30, 2021 grant

Key Terms

restricted stock, 2021 Equity Incentive Plan, vest, joint tenancy

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.

joint tenancy financial

"196,500 shares held in joint tenancy with spouse"

Form 4 Insider Transactions: What Each Field Means →

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^*

Holbrook Richard Edward

(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	278,998(2)	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. 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) 66,195 shares of common stock; (ii) 196,500 shares held in joint tenancy with spouse; (iii) 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 (iv) 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)

FAQ

What did Eastern Bankshares (EBC) director Richard Holbrook report on this Form 4?

Richard Holbrook reported receiving 3,883 shares of restricted Eastern Bankshares common stock. The shares were granted as a compensation award and increased his direct holdings to 278,998 shares, including shares held jointly with his spouse and other restricted stock awards.

How many Eastern Bankshares (EBC) shares did Richard Holbrook receive in this grant?

He received 3,883 shares of restricted common stock from Eastern Bankshares. This is a stock-based compensation grant, not an open-market purchase, and forms part of his broader equity holdings and incentive alignment with the company’s long-term performance.

When does Richard Holbrook’s new restricted Eastern Bankshares (EBC) stock vest?

The 3,883 restricted shares are scheduled to vest in full on May 18, 2026. Until vesting, the shares are subject to the terms of Eastern Bankshares’ 2021 Equity Incentive Plan that governs restrictions and conditions on this compensation award.

What is Richard Holbrook’s total Eastern Bankshares (EBC) ownership after this Form 4?

After the grant, Holbrook beneficially owns 278,998 Eastern Bankshares shares. This consists of 66,195 common shares, 196,500 shares held in joint tenancy with his spouse, 12,420 previously granted restricted shares, and the new 3,883 restricted shares reported here.

Under which plan was Richard Holbrook’s Eastern Bankshares (EBC) restricted stock granted?

The 3,883 restricted shares were granted under Eastern Bankshares’ 2021 Equity Incentive Plan. This plan provides for stock-based awards that typically vest over time, aligning director and executive compensation with the company’s longer-term shareholder interests.