Zelleke Andargachew S 4

What Happened

Zelleke Andargachew, a director of Eastern Bankshares, received an award of 3,883 restricted shares on May 18, 2026 (transaction code A). The shares were granted at $0 per share (no cash paid), so the reported acquisition value is $0. After the grant, Andargachew beneficially owns 13,595 shares of common stock (9,712 previously owned shares plus the 3,883 restricted shares).

Key Details

• Transaction date: 2026-05-18; Form 4 filed: 2026-05-20 (appears timely).
• Transaction type/code: A = Award/Grant of restricted stock.
• Shares granted: 3,883 restricted shares at $0.00 (acquisition value $0).
• Shares owned after transaction: 13,595 total (9,712 common + 3,883 restricted) — per filing footnote.
• Vesting note (Footnote F1): The restricted stock was granted under the Issuer's 2021 Equity Incentive Plan and is scheduled to vest in full on the anniversary of the grant date of May 18, 2026.
• Footnote F2 clarifies the post-transaction holdings breakdown.

Context

This was a restricted stock grant, not a market purchase or sale. Such awards are part of director compensation and do not necessarily indicate a buying or selling signal by the insider. The filing shows standard disclosure of the award and ownership; no 10b5-1 plan, tax withholding, or late-filing flag is noted.