Borgen Luis 4

What Happened Luis Borgen, a director of Eastern Bankshares, Inc. (EBC), was granted 3,883 restricted shares on May 18, 2026. The shares were awarded at a reported acquisition price of $0.00 (code A — award/grant). This is a compensation-style restricted stock grant, not an open-market purchase or sale.

Key Details

• Transaction date: May 18, 2026; Form 4 filed May 20, 2026 (filed two days after the transaction).
• Grant amount and price: 3,883 restricted shares acquired at $0.00.
• Shares owned after transaction: 23,894 total shares (per footnote: 7,591 common shares + 12,420 previously granted restricted shares + 3,883 newly reported restricted shares).
• Footnote F1: The 3,883 shares are restricted stock granted under the 2021 Equity Incentive Plan and are "scheduled to vest in full on the anniversary of the grant date of May 18, 2026" (as stated in the filing).
• Footnote F2: Breaks down total holdings as (i) 7,591 common shares; (ii) 12,420 restricted shares vesting ratably over five years from Nov 30, 2021; and (iii) the 3,883 restricted shares reported here.
• Timeliness: Filing appears timely (submitted two days after the reported transaction).

Context Restricted stock awards are a form of compensation for directors and are subject to vesting terms; they involve no immediate cash purchase and do not by themselves indicate a buy/sell decision. This filing documents an equity award rather than market trading activity.