Harlam Bari A 4
4 · Eastern Bankshares, Inc. · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
Eastern Bankshares (EBC) Director Harlam Bari Receives Restricted Stock Award
What Happened
Harlam Bari, a director of Eastern Bankshares, was granted 3,883 shares of restricted common stock on May 18, 2026. The shares were issued as an award (Form 4 transaction code A) at $0.00 per share (no cash consideration). These restricted shares are scheduled to vest in full on the one-year anniversary of the grant (May 18, 2026).
Key Details
- Transaction date: 2026-05-18; Form 4 filed: 2026-05-20.
- Security: Common stock; Shares granted: 3,883; Price: $0.00 (award).
- Shares owned after transaction: 81,967 total common shares (65,664 vested common shares; 12,420 remaining restricted shares vesting ratably over five years from 11/30/2021; plus the 3,883 shares reported here).
- Footnotes: (F1) Grant under the Issuer's 2021 Equity Incentive Plan; vests in full on 5/18/2026. (F2) Breakdown of total holdings as noted above.
- Filing timeliness: Reported on Form 4 two days after the transaction date (appears timely).
Context
This was a restricted stock award (not an open-market purchase or sale). Restricted shares typically cannot be sold until they vest and may be subject to forfeiture or other plan conditions. The grant increases the director’s reported holdings but does not reflect an immediate cash transaction or market sale.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-05-18+3,883→ 81,967 total
Footnotes (2)
- [F1]These shares represent restricted stock that was granted under the Issuer's 2021 Equity Incentive Plan pursuant to the terms of such plan. This restricted stock is scheduled to vest in full on the anniversary of the grant date of May 18, 2026.
- [F2]Consists of (i) 65,664 shares of common stock; (ii) 12,420 remaining shares of restricted stock that vest ratably over a five-year period on the anniversary of the November 30, 2021 date of grant; and (iii) 3,883 shares of restricted stock reported on this Form 4.