Donald Michael Westermann Exercises Options at Eastern Bankshares Inc (EBC) — SEC Form 4, Mar 03, 2023

SEC Form 4 · No Market Transaction

Option Exercise

Derivative exercise — no open market transaction.

Reporting Owner

Donald Michael Westermann

Officer

TXN 2023-03-01 · FILED 2023-03-03

Equity Position 32.1K sh 25,478 → 32,052

Equity Change +25.8% shares held after vs before

Filing Lag 2 business days within 2-day SEC deadline

Form 4 · Statement of Changes in Beneficial Ownership

Eastern Bankshares Inc

EBC CIK 0001810546

Reporting Owner

Name	Relationship
Donald Michael Westermann CIK 0001825585	Officer

Donald Michael Westermann at Eastern Bankshares Inc Full insider history

Bought (12 mo) —

Sold (12 mo) $1,147,016

More from this insider at Eastern Bankshares Inc

Non-Derivative Securities Transactions

Title	Date	Type	Shares	Price	Net Total	Post-Txn	Ownership
Common StockF1	2023-03-01	M - Exercise	9,487 A	$0.00	—	9,487	Direct
Common Stock	2023-03-01	F - Tax Payment	2,913 D	$15.63	-$45,530	6,574	Direct

Derivative Securities Transactions

Title	Strike	Date	Type	Shares	Price	Expiration	Underlying	Ownership
Restricted Stock UnitsF1 F4 F4		2023-03-01	M - Exercise	9,487 D	$0.00		9,487 Common Stock	Direct
Restricted Stock UnitsF3 F5 F5		2023-03-01	A - Award/Grant	5,930 A	$0.00		5,930 Common Stock	Direct

Non-Derivative Holdings

Title	Shares Held	Ownership
Common StockF2	20,720	Indirect
Common StockF2	1,845	Indirect

Footnotes (5)

F1: Restricted stock units convert into common stock on a one-for-one basis. Show more
F2: Reflects the amount of shares beneficially owned, including shares received due to automatic dividend reinvestment, as of the date of this report. Show more
F3: Each restricted stock unit represents a contingent right to receive one share of EBC common stock on the applicable vesting date. Show more
F4: On March 1, 2022, the reporting person was granted 47,438 restricted stock units that vest in five equal annual installments beginning March 1, 2023, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date. Show more
F5: On March 1, 2023, the reporting person was granted 5,930 restricted stock units that vest in three equal annual installments beginning March 1, 2024, subject to continued service. Vested shares will be issued to the reporting person as soon as practicable after the vesting date. Show more