Schmidt Cathleen Agnes 4

What Happened

• Cathleen Agnes Schmidt, a director of Eastern Bankshares, Inc. (EBC), received an award of 3,883 restricted shares on 2026-05-18. The shares were granted at $0.00 per share (total $0) as equity compensation under the Issuer's 2021 Equity Incentive Plan. This is an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-18; Form 4 filed: 2026-05-20 (timely filing).
• Price: $0.00 per share; total reported value: $0.
• Shares owned after the grant: 13,011 total — consisting of 9,128 common shares and the 3,883 restricted shares granted here (per filing footnote).
• Footnote: The 3,883 restricted shares were granted under the 2021 Equity Incentive Plan and are scheduled to vest in full on the one-year anniversary of the May 18, 2026 grant.
• Transaction type: A = Award/Grant (equity compensation).

Context

• This grant represents director compensation and is not an open-market purchase or sale. Restricted shares typically cannot be sold until they vest; the vesting schedule is noted in the filing. Such grants are common for directors and reflect compensation practices rather than an immediate insider investment decision.