---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-172772"
form_type: "8-K/A"
ticker: "EBC"
cik: "0001810546"
company_name: "Eastern Bankshares, Inc."
filed_at: "2024-07-01T23:59:59+00:00"
generated_at: "2026-06-01T00:06:18.401757+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-172772
- form_type: 8-K/A
- ticker: EBC
- cik: 0001810546
- company_name: Eastern Bankshares, Inc.
- filed_at: 2024-07-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1810546/000119312524172772/0001193125-24-172772-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1810546/000119312524172772/d825875d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-172772
- JSON: https://secwatch.observer/filing/0001193125-24-172772.json
- Plain text: https://secwatch.observer/filing/0001193125-24-172772.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.