Eastern Bankshares discloses CEO Denis Sheahan's compensation: $800K salary, 90% STI target, 135% LTI target

Eastern Bankshares, Inc.

Denis K. Sheahan appointed CEO effective upon merger close; Board approved compensation on June 27, 2024.
Initial annual base salary of $800,000; short-term cash incentive target at 90% of base under Management Incentive Plan.
Long-term equity incentive target 135% of base: 60% in performance share units (3-yr vest), 40% in RSUs (3 equal annual tranches).
Sheahan also eligible for standard employee benefits and retirement programs.

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