Eastern Bankshares (EBC) Director Joseph F. Casey Receives Award

What Happened Joseph F. Casey, a director of Eastern Bankshares, was granted 3,883 restricted common shares on May 18, 2026. The shares were reported at $0.00 per share (a non‑cash award), so no purchase price was paid. The award is a restricted stock grant rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-18 (reported on Form 4 filed 2026-05-20).
• Transaction type/code: Award/Grant (A).
• Shares granted: 3,883 restricted shares at $0.00 per share.
• Shares owned after transaction: Not specified in the filing.
• Footnote: The restricted shares were granted under the Issuer’s 2021 Equity Incentive Plan and are scheduled to vest in full on the anniversary of the grant date (May 18, 2026).
• Filing timeliness: Filed within the normal two‑business‑day window (not flagged late).
• No 10b5‑1 plan, tax‑withholding sale, or immediate sale of shares was indicated.

Context Restricted stock awards are compensation, not market purchases, and generally reflect planned equity compensation rather than a direct signal of an insider buying or selling. Vesting one year out means the shares remain subject to forfeiture until the stated vesting date.