4//SEC Filing
Halberstadt Peter J. 4
Accession 0001062993-24-013790
CIK 0000711772other
Filed
Jul 14, 8:00 PM ET
Accepted
Jul 15, 4:55 PM ET
Size
7.0 KB
Accession
0001062993-24-013790
Insider Transaction Report
Form 4
Halberstadt Peter J.
SVP, Chief Credit Officer
Transactions
- Disposition to Issuer
Common Stock
2024-07-12−3,886→ 0 total - Disposition to Issuer
Common Stock
2024-07-12−1,329→ 0 total(indirect: ESOP)
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement") dated as of September 19, 2023, by and between Cambridge Bancorp ("Cambridge"), Cambridge Trust Company, Eastern Bankshares, Inc. ("Eastern"), Eastern Bank and Citadel MS 2023, Inc., in exchange for the right to receive (i) 14,878 shares of Eastern common stock, with a market value of $14.87 per share of Eastern common stock based on the closing price of Eastern common stock on July 12, 2024, (ii) 496 Eastern restricted stock awards and (iii) 3,886 Eastern restricted stock unit awards, and in the case of (ii) and (iii), with the same terms, restrictions and vesting schedules as such existing Cambridge restricted stock award and Cambridge restricted stock unit award, respectively.
- [F2]Disposed of pursuant to the Merger Agreement in exchange for the right to receive 6,587 shares of Eastern common stock, with a market value of $14.87 per share of Eastern common stock based on the closing price of Eastern common stock on July 12, 2024.
Issuer
CAMBRIDGE BANCORP
CIK 0000711772
Entity typeother
Related Parties
1- filerCIK 0001959574
Filing Metadata
- Form type
- 4
- Filed
- Jul 14, 8:00 PM ET
- Accepted
- Jul 15, 4:55 PM ET
- Size
- 7.0 KB