Form 4 for EBC Eastern Bankshares, Inc.
Accepted 2024-03-05 00:00:00 ET · period of report 2024-03-01 · accession 0000950170-24-025924 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-03-05 | 2024-03-01 | EBC | Westermann Donald Michael | CIO | M - OptEx | $0.00 | +11.5K | 18.0K | +174% | $0 |
| D | 2024-03-05 | 2024-03-01 | EBC | Westermann Donald Michael | CIO | F - Tax | $12.81 | -3,557 | 14.5K | -20% | -$45.6K |
| D | 2024-03-05 | 2024-03-01 | EBC | Westermann Donald Michael | CIO | A - Grant | $0.00 | +8,683 | 8,683 | New | $0 |
| DM | 2024-03-05 | 2024-03-01 | EBC | Westermann Donald Michael | CIO | M - OptEx | $0.00 | -11.5K | 28.5K | -29% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-03-01 | M | A | 11,463 | $0.00 | 18,037 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis |
| 2 | Common | Common Stock | 2024-03-01 | F | D | 3,557 | $12.81 | 14,480 | D | — | — | |
| 3 | Derivative | Restricted Stock Units | 2024-03-01 | A | A | 8,683 | $0.00 | 8,683 | D | — · — to — | 8,683 Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of EBC common stock on the applicable vesting date. (F6) On March 1, 2024, the reporting person was granted 8,683 restricted stock units that vest in three equal annual installments beginning March 1, 2025, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date. |
| 4 | Derivative | Restricted Stock Units | 2024-03-01 | M | D | 1,976 | $0.00 | 3,954 | D | — · — to — | 1,976 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis (F5) On March 1, 2023, the reporting person was granted 5,930 restricted stock units that vest in three equal annual installments beginning March 1, 2024, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date. |
| 5 | Derivative | Restricted Stock Units | 2024-03-01 | M | D | 9,487 | $0.00 | 28,464 | D | — · — to — | 9,487 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis (F4) On March 1, 2022, the reporting person was granted 47,438 restricted stock units that vest in five equal annual installments beginning March 1, 2023, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date. |