Borgen Luis 4
4 · Eastern Bankshares, Inc. · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
Eastern Bankshares (EBC) Director Luis Borgen Sells 1,710 Shares
What Happened
Luis Borgen, a director of Eastern Bankshares, sold 1,710 shares of the company's common stock in an open-market transaction on July 6, 2026. The shares were disposed for a total of $38,834, at an average price of $22.71 per share (actual trade prices ranged from $22.56 to $22.84). This was a sale (not a purchase), which is commonly routine insider selling.
Key Details
- Transaction date: July 6, 2026; filing date: July 7, 2026 (appears timely).
- Transaction type/code: Sale (S). Executed pursuant to a pre-established 10b5-1 plan (footnote F1).
- Price: Average $22.71; actual prices ranged $22.56–$22.84 (footnote F2).
- Shares sold: 1,710; proceeds: ~$38,834.
- Shares owned after the transaction: 20,475 total beneficially owned consisting of 4,172 common shares, 12,420 restricted shares vesting ratably through 5 years from Nov 30, 2021, and 3,883 restricted shares vesting on the May 18, 2026 grant anniversary (footnote F3).
- Additional note: Reporting person can supply exact share counts per price on request (per filing).
Context
- The sale was executed under a 10b5-1 trading plan, which typically allows insiders to sell according to a pre-set schedule and is often treated as routine rather than a direct signal of changed company outlook.
- No options were exercised and no gifts or tax-withholding events are involved in this filing.
Insider Transaction Report
Form 4
Borgen Luis
Director
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-07-06$22.71/sh−1,710$38,834→ 20,475 total
Footnotes (3)
- [F1]Sale of shares executed on July 6, 2026 pursuant to Reporting Person's 10b5-1 plan.
- [F2]Represents the average sale price. The actual sale prices range from $22.56 to $22.84 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.
- [F3]Consists of (i) 4,172 shares of common stock; (ii) 12,420 remaining shares of restricted stock that vest ratably over a five-year period on the anniversary of the November 30, 2021 date of grant; and (iii) 3,883 shares of restricted stock that vest on the anniversary of the May 18, 2026 date of grant.
Signature
/s/ Laura Vaughn Burek, by Power of Attorney|2026-07-07