secwatch.observer — SEC 8-K summary
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Issuer:     Eastern Bankshares, Inc. (EBC)
CIK:        0001810546
Form:       8-K/A
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0001193125-24-172772
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810546/000119312524172772/0001193125-24-172772-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810546/000119312524172772/d825875d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-172772

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer