HarborOne (HONE) Form 4: 11,644 shares converted; $12.00 or 0.765
HarborOne Bancorp (HONE) reported an insider Form 4 tied to its merger with Eastern Bankshares.
Rhea-AI Filing Summary
HarborOne Bancorp (HONE) reported an insider Form 4 tied to its merger with Eastern Bankshares. The reporting person, the EVP and Chief Information Officer, recorded two transactions on 11/01/2025.
The insider acquired 5,988 shares of common stock as performance units vested at the target level under the April 24, 2025 Merger Agreement. The insider then disposed of 11,644 shares when each HarborOne share was converted into the right to receive either $12.00 in cash or 0.765 shares of Eastern common stock, subject to proration. Following these transactions, the filing shows 0 shares of HarborOne common stock beneficially owned directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,988 | $0.00 | $0.00 |
| Disposition | Common Stock | 11,644 | $0.00 | $0.00 |
Footnotes (2)
- F1. Pursuant to the merger agreement, dated as of April 24, 2025, by and among Eastern Bankshares, Inc. ("Eastern"), Eastern Bank, HarborOne Bancorp, Inc. ("HarborOne"), and HarborOne Bank (the "Merger Agreement"), each outstanding performance unit vested at the target level of performance.
- F2. Pursuant to the Merger Agreement, each share of HarborOne common stock was converted into the right to receive, at the election of the holder, either (i) $12.00 in cash or (ii) 0.765 shares of Eastern common stock (the "Exchange Ratio"), subject to certain proration provisions contained in the Merger Agreement.
FAQ
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What did HarborOne (HONE) disclose in this Form 4?
Who is the reporting person in HONE’s Form 4 and what is their role?
What is the date of the reported transactions for HONE?
What is the beneficial ownership after these transactions?
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