Form 4: HarborOne Exec's Stock Transactions Post-Merger

HarborOne Bancorp EVP, Chief Marketing Officer David E. Tryder reported stock acquisitions and disposals related to the merger with Eastern Bankshares, Inc.

Summary

• David E. Tryder, Executive Vice President and Chief Marketing Officer of HarborOne Bancorp, Inc. (HONE), reported transactions on November 1, 2025.
• Acquired 8,119 shares of Common Stock due to performance units vesting at the target level of performance, as stipulated by the merger agreement.
• Disposed of 25,760.703 shares of Common Stock, which were converted into the right to receive either $12.00 in cash or 0.765 shares of Eastern Bankshares, Inc. common stock, subject to proration.
• 49,840 outstanding and unexercised options to purchase HarborOne common stock, with an exercise price of $10.23, were converted into options to purchase Eastern Bankshares, Inc. common stock.
• The number of underlying shares and the related exercise price for the converted options were adjusted by the exchange ratio as described in the merger agreement.

Sentiment

Score: 5

Explanation: Neutral, as the filing reports standard insider transactions resulting from a previously announced merger, rather than operational performance or new strategic initiatives.

Positives

• Performance units vested at the target level, resulting in the acquisition of 8,119 shares of common stock for the reporting person.

Future Outlook

This filing does not contain forward-looking statements or guidance, as it reports past insider transactions related to a merger.

Industry Context

The transactions reflect the finalization of a merger between two financial institutions, HarborOne Bancorp, Inc. and Eastern Bankshares, Inc., a common occurrence in the consolidating banking sector.

Related Party Transactions

• The reported transactions are a direct consequence of the merger agreement dated April 24, 2025, between Eastern Bankshares, Inc. and HarborOne Bancorp, Inc., which involved the conversion of HarborOne securities.

Stakeholder Impact

• Shareholders of HarborOne Bancorp, Inc. had their common stock converted into either cash or Eastern Bankshares, Inc. common stock as per the merger agreement.
• The reporting executive's equity holdings in HarborOne Bancorp, Inc. were converted into a combination of cash, Eastern Bankshares, Inc. common stock, and Eastern Bankshares, Inc. stock options.

Key Dates

Keywords

HarborOne Bancorp, HONE, Eastern Bankshares, Merger, Insider Transaction, Form 4, Executive Compensation, Stock Options, Equity Securities