Form 4: HarborOne Director Sells Shares Post-Merger

HarborOne Bancorp Director Damian W. Wilmot disposed of 27,450 shares of common stock following the company's merger with Eastern Bankshares.

Summary

• Damian W. Wilmot, a Director of HarborOne Bancorp, Inc. (HONE), reported the disposition of 27,450 shares of HarborOne common stock.
• The transaction occurred on November 1, 2025.
• This disposition was a direct result of the merger agreement between HarborOne Bancorp, Inc. and Eastern Bankshares, Inc.
• Under the merger terms, each share of HarborOne common stock was converted into the right to receive, at the holder's election, either $12.00 in cash or 0.765 shares of Eastern common stock, subject to proration.
• Following this transaction, Mr. Wilmot beneficially owns 0 shares of HarborOne common stock.

Sentiment

Score: 5

Explanation: Neutral. This Form 4 reports a mandatory transaction resulting from a merger, which is neither inherently positive nor negative for the company's ongoing operations, but rather a consequence of a corporate event.

Future Outlook

This filing reports a past transaction resulting from a completed merger and does not provide forward-looking statements or guidance.

Industry Context

The banking industry frequently experiences consolidation through mergers and acquisitions, driven by factors such as economies of scale, market expansion, and competitive pressures. The merger between HarborOne Bancorp and Eastern Bankshares is consistent with this trend, aiming to create a larger, more competitive financial institution.

Stakeholder Impact

• Shareholders of HarborOne Bancorp, Inc. received consideration (cash or Eastern common stock) for their shares as part of the merger agreement.

Key Dates

Keywords

HarborOne Bancorp, HONE, Eastern Bankshares, merger, Form 4, insider transaction, director, stock disposition, M&A