4//SEC Filing
Rivers Robert Francis 4
Accession 0000950170-25-033964
CIK 0001810546other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 6:26 PM ET
Size
20.8 KB
Accession
0000950170-25-033964
Insider Transaction Report
Form 4
Rivers Robert Francis
DirectorExecutive Chair
Transactions
- Tax Payment
Common Stock
2025-03-03$17.73/sh−21,064$373,465→ 264,084 total - Exercise/Conversion
Common Stock
2025-03-03+47,491→ 285,148 total - Award
Common Stock
2025-03-03+80,052→ 344,136 total - Tax Payment
Common Stock
2025-03-03$17.73/sh−35,504$629,486→ 308,632 total - Exercise/Conversion
Restricted Stock Units
2025-03-03−21,347→ 42,695 total→ Common stock (21,347 underlying) - Exercise/Conversion
Restricted Stock Units
2025-03-03−10,610→ 10,610 total→ Common stock (10,610 underlying) - Exercise/Conversion
Restricted Stock Units
2025-03-03−15,534→ 31,070 total→ Common stock (15,534 underlying) - Award
Restricted Stock Units
2025-03-03+33,671→ 33,671 total→ Common stock (33,671 underlying)
Holdings
- 3,912(indirect: By ESOP)
Common Stock
Footnotes (10)
- [F1]Restricted stock units convert into common stock on a one-for-one basis. Reflects the amount of shares beneficially owned, including shares received due to automatic dividend reinvestment, as of the date of this report.
- [F10](Continued from footnote 9) Based on the Company's three year performance on the TSR Measure and EPS Measure respectively, as measured at the end of the Performance Period, the Compensation Committee determined that (i) performance under the TSR Measure did not meet the minimum threshold, resulting in no award of shares for this metric, and (ii) performance under the EPS Measure met the maximum payout threshold of 150% of target.
- [F2]Includes 200,000 shares held in joint tenancy with spouse.
- [F3]Reflects the amount of shares beneficially owned, including shares received due to automatic dividend reinvestment, as of the date of this report.
- [F4]Each restricted stock unit represents a contingent right to receive one share of EBC common stock on the applicable vesting date.
- [F5]On March 1, 2022, the reporting person was granted 106,736 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.
- [F6]On March 1, 2023, the reporting person was granted 31,829 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.
- [F7]On March 1, 2024, the reporting person was granted 46,604 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.
- [F8]On March 3, 2025, the reporting person was granted 33,671 restricted stock units that vest in three equal annual installments beginning March 1, 2026, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
- [F9]Represents shares of Eastern Bankshares, Inc. (the "Company") common stock, par value $0.01 per share ("Common Stock") received upon vesting of a performance restricted stock unit ("PRSU") award eligible to vest based upon both (i) the Company's performance measured at the end of the three-year performance period of January 1, 2022 through December 31, 2024 (the "Performance Period") relative to the KBW Nasdaq Regional Banking Index with respect to growth in earnings per share ("EPS Measure"), and (ii) the Company's performance measured at the end of the Performance Period relative to the KBW Nasdaq Regional Banking Index with respect to total shareholder return ("TSR Measure").
Documents
Issuer
Eastern Bankshares, Inc.
CIK 0001810546
Entity typeother
Related Parties
1- filerCIK 0001825654
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 6:26 PM ET
- Size
- 20.8 KB