R. David Rosato, Chief Financial Officer of Eastern Bankshares, Inc. (NASDAQ:EBC), filed a Form 4 on September 4, 2026, disclosing transactions dated September 3, 2026, involving the vesting of restricted stock units and the withholding of shares to cover taxes.

Key Highlights

  • RSU vesting: 11,356 restricted stock units converted into common stock on September 3, 2026, at a price of $0, acquired via transaction code M.
  • Shares withheld for taxes: 3,354 shares of common stock were disposed of on September 3, 2026, at $22.08 per share via transaction code F.
  • Direct holdings after transactions: Rosato directly held 18,734 shares of common stock following the reported transactions.
  • Indirect holdings: 50,000 shares are held indirectly by spouse in trust.
  • Remaining RSUs: Rosato holds 11,358 directly-owned RSUs from the September 3, 2024 grant, 8,273 RSUs from the March 3, 2025 grant, and 11,156 RSUs from the March 2, 2026 grant.

RSU Vesting Details and Remaining Award Schedule for Eastern Bankshares CFO

According to the filing, the 11,356 restricted stock units that vested on September 3, 2026, originated from a grant of 34,070 RSUs made on September 3, 2024. The filing states those units vest "in three equal annual installments beginning September 3, 2025, subject to continued service," with vested shares issued "as soon as practicable after the vesting date." Each RSU converts into one share of common stock on a one-for-one basis, per the filing's explanation of responses.

Following the vesting event, the filing reports that 3,354 shares were withheld at $22.08 per share under transaction code F, which the filing form uses to designate payment of exercise price or tax liability using securities. After these two transactions, Rosato's direct beneficial ownership stood at 18,734 shares, according to the filing.

The filing also identifies two additional active RSU grants. The March 3, 2025 grant of 12,408 RSUs vests in three equal annual installments beginning March 3, 2026, leaving 8,273 RSUs outstanding directly. The March 2, 2026 grant of 11,156 RSUs vests in three equal annual installments beginning March 2, 2027, with all 11,156 remaining directly held. An additional 50,000 shares are held indirectly by spouse in trust, as disclosed in Table I of the filing. The form was signed by Laura Vaughn Burek, by Power of Attorney, on September 4, 2026.

What Was Disclosed

Eastern Bankshares CFO R. David Rosato disclosed the vesting of 11,356 RSUs and the tax-related disposal of 3,354 shares at $22.08 on September 3, 2026, resulting in direct ownership of 18,734 shares and three remaining RSU tranches totaling 30,787 units.