Nevatia Puneet 4
4 · CAMBRIDGE BANCORP · Filed Jul 15, 2024
Insider Transaction Report
Form 4
Nevatia Puneet
SVP and CIO
Transactions
- Disposition to Issuer
Common Stock
2024-07-12−7,384→ 0 total - Disposition to Issuer
Common Stock
2024-07-12−364→ 0 total(indirect: ESOP)
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement") dated as of September 19, 2023, by and between Cambridge Bancorp ("Cambridge"), Cambridge Trust Company, Eastern Bankshares, Inc. ("Eastern"), Eastern Bank and Citadel MS 2023, Inc., in exchange for the right to receive (i) 30,732 shares of Eastern common stock, with a market value of $14.87 per share of Eastern common stock based on the closing price of Eastern common stock on July 12, 2024 and (ii) 5,863 Eastern restricted stock unit awards, with the same terms, restrictions and vesting schedules as such existing Cambridge restricted stock unit award.
- [F2]Disposed of pursuant to the Merger Agreement in exchange for the right to receive 1,804 shares of Eastern common stock, with a market value of $14.87 per share of Eastern common stock based on the closing price of Eastern common stock on July 12, 2024.