Bane Richard Corey 4
Research Summary
AI-generated summary
Eastern Bankshares (EBC) Director Richard Corey Receives Award
What Happened
Richard Corey, a director of Eastern Bankshares, was granted 3,883 restricted shares under the company's 2021 Equity Incentive Plan on May 18, 2026. The shares were reported as acquired at $0.00 (standard for restricted stock awards) on a Form 4 filed May 20, 2026.
Key Details
- Transaction date: 2026-05-18; filing date: 2026-05-20 (filed within the typical two-business-day window).
- Transaction type/code: Award/Grant (A); 3,883 shares acquired at $0.00.
- Shares owned after transaction: 202,498 total common shares (consists of 186,195 common shares + 12,420 remaining restricted shares from a 2021 grant + 3,883 newly granted restricted shares).
- Footnote: The 3,883 shares are restricted stock that vests in full on the grant anniversary, May 18, 2026.
Context
This was a compensation-related restricted stock grant to a director, not an open-market purchase or sale. Such awards are customary for executive/director compensation and only become transferable or saleable if/when they vest.