EBC · Eastern Bankshares, Inc. · Executive Compensation

$21.48 -0.12 (-0.56%) At close · Sep 21

S&P 600 member Russell 2000 member Rebalance outlook locked

Market Cap

$4.92B

228.51M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Denis K. Sheahan	Chief Executive Officer	$800,000	—	$3,371,297	—	$792,000	$49,483	$5,069,867
Robert Rivers	Executive Chair and Chair of the Board of Directors	$995,000	—	$1,480,480	—	$1,094,500	$98,448	$4,432,693
Quincy L. Miller	President and Chief Operating Officer	$650,000	—	$741,489	—	$536,250	$70,697	$2,273,540
Donald M. Westermann	Chief Information Officer	$496,667	—	$785,660	—	$430,000	$57,601	$2,035,753
R. David Rosato	Chief Financial Officer	$550,000	—	$545,565	—	$393,250	$28,782	$1,567,513
David Rosato	Chief Financial Officer	$550,000	—	$545,565	—	$393,250	$28,782	$1,567,513

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Robert Rivers	Executive Chair and Chair of the Board of Directors	$995,000	—	$1,353,380	—	$1,124,350	$73,126	$4,186,137
James Fitzgerald	—	$606,667	—	$761,685	—	$516,975	$68,440	$2,512,016
Quincy L. Miller	President and Chief Operating Officer	$628,462	—	$615,241	—	$531,494	$57,453	$2,034,132
Kathleen C. Henry	General Counsel and Corporate Secretary	$477,250	—	$478,846	—	$403,200	$51,234	$1,671,250
Donald M. Westermann	Chief Information Officer	$477,250	$150,000	$252,160	—	$325,440	$49,600	$1,434,567
R. David Rosato	Chief Financial Officer	$205,192	$200,000	$783,416	—	$167,771	$4,120	$1,360,499
David Rosato	Chief Financial Officer	$205,192	$200,000	$783,416	—	$167,771	$4,120	$1,360,499
Denis K. Sheahan	Chief Executive Officer	$338,462	—	$530,309	—	$406,800	$15,597	$1,309,267

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Robert Rivers	Executive Chair and Chair of the Board of Directors	$995,000	—	$820,870	—	$2,434,326	$47,607	$4,915,097
Timothy J. Lodge	President & CEO, EIG	$307,811	$2,000,000	$118,943	—	$236,375	$56,519	$2,797,985
James Fitzgerald	Chief Administrative Officer, Chief Financial Officer and Treasurer	$590,000	$250,000	$292,046	—	$866,942	$52,575	$2,507,133
Former Chief Administrative	Officer, Chief Financial Officer and Treasurer	$590,000	$250,000	$292,046	—	$866,942	$52,575	$2,507,133
Quincy L. Miller	President and Chief Operating Officer	$590,000	—	$292,046	—	$866,942	$41,241	$1,986,858
Kathleen C. Henry	General Counsel and Corporate Secretary	$463,500	$250,000	$152,935	—	$400,928	$38,861	$1,462,849
Donald M. Westermann	Chief Information Officer	$463,500	—	$152,935	—	$465,046	$37,340	$1,241,870

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Robert Rivers	Executive Chair and Chair of the Board of Directors	$995,000	—	$4,503,726	—	$976,100	$255,368	$6,743,680
Quincy L. Miller	President and Chief Operating Officer	$587,500	—	$3,002,449	—	$385,900	$114,166	$4,110,126
James Fitzgerald	Chief Administrative Officer, Chief Financial Officer and Treasurer	$587,500	—	$3,002,449	—	$385,900	$125,410	$4,103,665
Former Chief Administrative	Officer, Chief Financial Officer and Treasurer	$587,500	—	$3,002,449	—	$385,900	$125,410	$4,103,665
Kathleen C. Henry	General Counsel and Corporate Secretary	$461,250	—	$2,001,646	—	$227,300	$35,975	$2,810,983
Donald M. Westermann	Chief Information Officer	$461,250	—	$2,001,646	—	$227,300	$34,504	$2,724,700

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Robert Rivers	Chief Executive Officer and Chair of the Board of Directors	$995,000	—	—	—	$2,757,136	$369,720	$4,208,543
Jan A. Miller	Former Vice Chair, Chief Commercial Banking Officer	$480,000	$2,000,000	—	—	$707,770	$201,355	$3,446,447
John F. Koegel	Former President & Chief Executive Officer of Eastern Insurance Group, LLC	$400,000	$1,500,000	—	—	$316,928	$48,891	$2,439,249
James Fitzgerald	Chief Administrative Officer, Chief Financial Officer and Treasurer	$575,000	—	—	—	$948,712	$249,614	$1,842,921
Quincy L. Miller	President	$575,000	—	—	—	$948,712	$224,347	$1,793,621

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Robert Rivers	Chief Executive Officer and Chair of the Board of Directors	$987,500	—	—	—	$2,046,340	$439,097	$3,673,300
James Fitzgerald	Chief Administrative Officer, Chief Financial Officer and Treasurer	$570,833	$220,000	—	—	$943,670	$220,885	$2,094,430
Quincy L. Miller	President	$570,833	$110,000	—	—	$943,670	$219,081	$1,922,763

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Robert Rivers	Chief Executive Officer and Chair of the Board of Directors	$929,167	—	—	—	$1,945,261	$408,459	$3,439,487
James Fitzgerald	Chief Financial Officer, Chief Administrative Officer and Treasurer	$545,833	—	—	—	$798,783	$214,402	$1,657,046
Quincy L. Miller	President & Vice Chair	$545,833	—	—	—	$412,000	$212,635	$1,208,683

Executive changes

Person	Role	Change	Effective	Filed
Michael J. Sullivan	director of Eastern and Eastern Bank	Appointed	2025-11-01	2025-11-03
Joseph F. Casey	director of Eastern and Eastern Bank	Appointed	2025-11-01	2025-11-03
Joseph F. Casey	member of the Board of Directors	Appointed	—	2025-04-24
Paul D. Spiess	member of the Board and as a member of the Board of Directors of the Company's wholly owned subsidiary Eastern Bank	Resigned	2024-12-31	2025-01-07
Paul M. Connolly	member of the Board and as a member of the Board of Directors of the Company's wholly owned subsidiary Eastern Bank	Resigned	2024-12-31	2025-01-07
David Rosato	Chief Financial Officer of Eastern Bankshares, Inc. and Eastern Bank	Appointed	2024-08-01	2024-07-15
Quincy Miller	Chief Operating Officer	Appointed	—	2024-07-15
Denis Sheahan	Member of Eastern's Boards of Directors	Appointed	—	2024-07-15
Denis Sheahan	Chief Executive Officer of Eastern and Eastern Bank	Appointed	—	2024-07-15
Quincy Miller	Chief Operating Officer	Appointed	2024-07-12	2024-07-15
Denis Sheahan	Board of Directors	Appointed	2024-07-12	2024-07-15
Denis Sheahan	Chief Executive Officer	Appointed	2024-07-12	2024-07-15
R. David Rosato	Chief Financial Officer	Appointed	2024-08-01	2024-07-15
Denis K. Sheahan	Chief Executive Officer	Appointed	—	2024-07-01
Andargachew S. Zelleke	director	Appointed	—	2024-07-01
Cathleen A. Schmidt	director	Appointed	—	2024-07-01
Denis K. Sheahan	director	Appointed	—	2024-07-01
Leon A. Palandjian	director	Appointed	—	2024-07-01
Linda M. Williams	director	Appointed	2023-10-26	2023-10-30
Marisa J. Harney	director	Appointed	2023-10-26	2023-10-30
Denis Sheahan	Company designated director	Appointed	—	2023-09-19
Quincy Miller	Vice Chair, President, and Chief Operating Officer of the Company and Eastern Bank	Appointed	—	2023-09-19
Denis K. Sheahan	Chief Executive Officer of the Company	Appointed	—	2023-09-19
Denis K. Sheahan	Board of Directors	Appointed	—	2023-09-19

Key facts CIK 1810546 CUSIP 27627N105 13F (30d) 9 filings 9 filers Visit website Investor relations