Form 4: Eastern Bankshares SVP, Chief Accounting Officer, David Andrew Ahlquist, Reports Changes in Beneficial Ownership

David Andrew Ahlquist, SVP, Chief Accounting Officer of Eastern Bankshares, reports transactions involving common stock and restricted stock units.

Summary

• On March 3, 2025, David Andrew Ahlquist, SVP, Chief Accounting Officer of Eastern Bankshares, filed a Form 4 detailing changes in beneficial ownership.
• Ahlquist acquired 6,781 shares of common stock upon the vesting of restricted stock units.
• He also disposed of 2,302 shares to cover tax obligations at a price of $17.73 per share.
• Following these transactions, Ahlquist directly owns 19,518 shares of common stock.
• Ahlquist also indirectly owns 22,005 shares through a 401(k) and 3,912 shares through an ESOP.
• He was granted 4,903 restricted stock units that vest in three equal annual installments beginning March 1, 2026.
• Ahlquist now holds 4,903 restricted stock units.

Sentiment

Score: 6

Explanation: The document is neutral, simply reporting transactions. There are no indications of significant positive or negative sentiment.

Positives

• The reporting person increased their direct ownership of common stock through the vesting of restricted stock units.

Negatives

• The reporting person disposed of shares to cover tax obligations, which slightly reduced their overall holdings.

Future Outlook

The reporting person will continue to receive shares as restricted stock units vest over the next few years, subject to continued service.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders, reflecting routine insider activity.

Key Dates