CHUNG JOSEPH 4

What Happened

• Joseph Chung, a director of Eastern Bankshares, was granted 3,883 restricted shares (transaction code A) on May 18, 2026. The award was reported at $0.00 per share (no cash paid).
• Per the filing footnote, these restricted shares were granted under the company’s 2021 Equity Incentive Plan and “are scheduled to vest in full on the anniversary of the grant date of May 18, 2026.” The filing reports Chung’s total beneficial ownership after the grant as 132,498 shares.

Key Details

• Transaction date: 2026-05-18; Form 4 filed: 2026-05-20 (filed within the required reporting window).
• Transaction type/code: Award/Grant (A); price reported: $0.00; shares granted: 3,883.
• Shares beneficially owned after transaction: 132,498 (consisting of 116,195 common shares; 12,420 remaining previously granted restricted shares; and 3,883 new restricted shares). (See footnotes F1 and F2.)
• Notable footnotes: F1 — granted under the 2021 Equity Incentive Plan and scheduled to vest in full on the stated anniversary; F2 — breakdown of total beneficial ownership and existing restricted-share schedule.
• Filing timeliness: Reported on 2026-05-20 for a 2026-05-18 transaction (within the typical two-business-day Form 4 deadline).

Context

• This was a restricted stock grant (award), not an open-market purchase or sale. Restricted grants commonly vest over time and do not represent immediate cash investment or liquidation.
• Such awards reflect compensation or retention practices rather than direct signals to buy or sell stock; they become executable only as they vest under the plan terms.