secwatch.observer — SEC 8-K summary
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Issuer:     Eastern Bankshares, Inc. (EBC)
CIK:        0001810546
Form:       8-K
Filed at:   2022-09-07T23:59:59+00:00
Accession:  0001628280-22-024451
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastern Bankshares announces new $200M share repurchase program for up to 8.9 million shares
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- Regulatory non-objection received for new share repurchase program authorizing up to 8.9M shares (≈5% of outstanding).
- Program limited to $200M through August 31, 2023; may be modified or terminated by Board at any time.
- Previous program (Nov 2021) authorized up to 9.3M shares for $225M; 9.13M shares repurchased for $182M through Sep 6, 2022.
- Repurchases expected to begin later this month after completing remaining shares under existing program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810546/000162828022024451/0001628280-22-024451-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810546/000162828022024451/ebc-20220907.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-024451

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