Harlam Bari A 4
Research Summary
AI-generated summary
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.