Borgen Luis 4

What Happened

• Luis Borgen, a director of Eastern Bankshares, reported an open-market sale of 1,709 shares of EBC common stock on June 29, 2026. The shares were sold at $21.97 per share for total proceeds of approximately $37,547. This transaction was a sale (not a purchase).

Key Details

• Transaction date and price: June 29, 2026 — 1,709 shares sold at $21.97 each.
• Proceeds: ~ $37,547.
• Shares owned following the transaction: 22,185 total beneficially owned (consists of 5,882 shares of common stock; 12,420 shares of restricted stock vesting ratably over five years from Nov 30, 2021; and 3,883 shares of restricted stock vesting on the anniversary of the May 18, 2026 grant).
• Footnotes: Sale executed pursuant to the reporting person’s pre-arranged 10b5-1 trading plan.
• Filing timeliness: Report filed June 30, 2026 (covers the June 29, 2026 transaction) — no indication of a late filing.

Context

• The sale was made under a 10b5-1 plan, which generally means it was a pre-scheduled trade rather than a discretionary decision made at the time of sale. Such planned sales are common for insiders and lessen concerns about opportunistic timing.
• The reported ownership includes restricted shares with multi-year vesting schedules; those vesting events are not immediate cash sales and may be subject to transfer restrictions.