Form 4: Eastern Bankshares Director Peter Kenneth Markell Reports Acquisition of Restricted Stock
SEC Form 4
Director Peter Kenneth Markell reports acquisition of 4,172 shares of restricted stock in Eastern Bankshares, Inc.
Summary
- Peter Kenneth Markell, a director of Eastern Bankshares, Inc., reported acquiring 4,172 shares of common stock on May 19, 2025.
- These shares were granted as restricted stock under the company's 2021 Equity Incentive Plan and will vest fully on May 19, 2025.
- Following the transaction, Markell beneficially owns a total of 178,615 shares of common stock, including previously held shares and unvested restricted stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard transaction of restricted stock grant to a director. It doesn't inherently indicate positive or negative sentiment.
Positives
- The acquisition of restricted stock by a director signals confidence in the company's future performance.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of stock ownership changes by a company insider, which is common in the financial services industry.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment as it indicates a director's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 2021 | Issuer's 2021 Equity Incentive Plan |
| 11/30/2021 | Date of grant for 24,839 shares of restricted stock that vest ratably over a five-year period |
| 05/19/2025 | Date of transaction and grant of 4,172 shares of restricted stock; vesting date for these shares |
| 05/21/2025 | Date of signature for the Form 4 filing |
Keywords
Eastern Bankshares, Director, Peter Kenneth Markell, Restricted Stock, Beneficial Ownership, Equity Incentive Plan, Form 4
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