Markell Peter Kenneth 4

What Happened Markell Peter Kenneth, a director of Eastern Bankshares, Inc. (EBC), was granted 3,883 shares of restricted common stock on 2026-05-18. The shares were reported as an award (code A) with an acquisition price of $0.00 (no cash exchanged). According to the filing, this restricted stock is subject to the issuer's 2021 Equity Incentive Plan and is scheduled to vest in full per the plan's terms (see footnote).

Key Details

• Transaction date: 2026-05-18; Form 4 filed 2026-05-20.
• Transaction type: Award/Grant of restricted stock (code A); price reported $0.00; 3,883 shares acquired.
• Shares owned after transaction: 182,498 total shares (per footnote: 166,195 common + 12,420 remaining restricted + 3,883 newly granted).
• Footnote highlights:
  • F1: These 3,883 shares are restricted stock granted under the 2021 Equity Incentive Plan and are scheduled to vest in full on the anniversary of the grant date (May 18, 2026) per the filing text.
  • F2: Breakdown of total holdings noted above.
• Timeliness: Filing covered the 2026-05-18 transaction and was submitted on 2026-05-20 (no late-filing flag indicated in the report).

Context This was a compensation-related restricted stock grant to a director, not an open-market purchase or sale. Restricted awards are common for directors and are subject to vesting and plan terms; because no cash was paid, the filing reports $0 acquisition cost. Such grants are routine and do not, by themselves, indicate buying or selling intent in the market.