V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough
Banking

Eastern Bankshares Executive Compensation (FY25)

EBC · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 19, 2026
300 figures on this page: 295 cited to the filing that reported them, 5 calculated from figures it prints. See the citations
Total compensation for Denis Sheahan, Chief Executive Officer, came to $5,069,867 in fiscal 2025, and Sheahan's total was 211.0% higher than the $1,630,024 reported for fiscal 2024. Meanwhile, for fiscal 2025, shareholders backed the say-on-pay proposal with 95.2% of votes cast for or against in favor at the meeting held May 18, 2026. Separately, the disclosed peer group includes Ameris Bancorp, Associated Banc-Corp, Atlantic Union Bankshares Corporation, Bank OZK and BankUnited, Inc., among others. The company reported 5 named executive officers for fiscal 2025.
Chief executive, fiscal 2025
◇
Denis Sheahan
Latest say-on-pay support
=
May 18, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Denis Sheahan: $1,630,024 → $5,069,867 (211.0% higher)
Say-on-pay support: 94.2% → 95.2% (1.0 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Eastern Bankshares' chief executive and what were they paid?
Total compensation for Denis Sheahan, Chief Executive Officer, came to $5,069,867 in fiscal 2025. Sheahan's total was 211.0% higher than the $1,630,024 reported for fiscal 2024.
What was Eastern Bankshares' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 95.2% of votes cast for or against in favor at the meeting held May 18, 2026.
Which companies are in Eastern Bankshares' peer group?
The disclosed peer group includes Ameris Bancorp, Associated Banc-Corp, Atlantic Union Bankshares Corporation, Bank OZK and BankUnited, Inc., among others.
What is Eastern Bankshares' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 39.8:1, against median employee compensation of $111,467.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert Rivers
Executive Chair
◇—◇—◇◇◇◇
Quincy Miller
President and Chief Executive Officer
◇—◇—◇◇◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert Rivers
Executive Chair
◇—◇—◇◇◇◇
Timothy Lodge
Former Chief Banking Officer
Departed during or after this year
◇◇◇—◇◇◇◇
James Fitzgerald
Chief Financial Officer
◇◇◇—◇◇◇◇
Quincy Miller
President and Chief Executive Officer
◇—◇—◇◇◇◇
Kathleen Henry
Executive Vice President, General Counsel and Corporate Secretary
◇◇◇—◇◇◇◇
Donald Westermann
Chief Operating Officer
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert Rivers
Executive Chair and Chair of the Board of Directors, and Principal Executive Officer
◇—◇—◇◇◇◇
James Fitzgerald
Former Chief Administrative Officer, Chief Financial Officer and Treasurer, Eastern Bankshares, Inc.; Vice Chair, Chief Administrative Officer and Chief Financial Officer, Eastern Bank
Departed during or after this year
◇—◇—◇◇◇◇
Donald Westermann
Executive Vice President, Chief Information Officer
◇—◇—◇◇◇◇
Quincy Miller
President and Chief Operating Officer
◇—◇—◇◇◇◇
Kathleen Henry
Executive Vice President, General Counsel and Corporate Secretary of Eastern Bankshares, Inc.; Executive Vice President, General Counsel, Corporate Secretary and Chief Human Resources Officer, Eastern Bank
◇—◇—◇◇◇◇
Denis Sheahan
Chief Executive Officer
◇—◇—◇◇◇◇
R. David Rosato
Chief Financial Officer and Treasurer
◇◇◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Denis Sheahan
Chief Executive Officer
◇—◇—◇◇◇◇
Robert Rivers
Executive Chair and Chair of the Board of Directors
◇—◇—◇◇◇◇
Quincy Miller
President and Chief Operating Officer
◇—◇—◇◇◇◇
Donald Westermann
Chief Information Officer
◇—◇—◇◇◇◇
R. David Rosato
Chief Financial Officer
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Denis K. SheahanPSU◇◇◇—◇—◇
Denis K. SheahanRSU◇——◇——◇
Donald M. WestermannPSU◇◇◇—◇—◇
Donald M. WestermannRSU◇——◇——◇
Quincy L. MillerRSU◇——◇——◇
Quincy L. MillerPSU◇◇◇—◇—◇
R. David RosatoRSU◇——◇——◇
R. David RosatoPSU◇◇◇—◇—◇
Robert F. RiversRSU◇——◇——◇
Robert F. RiversPSU◇◇◇—◇—◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Donald WestermannPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Robert RiversPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Denis SheahanPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
R. David RosatoPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Quincy MillerPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Deborah C. Jackson
Lead independent director
◇◇———◇◇
Peter K. Markell
◇◇———◇◇
Richard C. Bane
◇◇———◇◇
Joseph T. Chung
◇◇———◇◇
Diane S. Hessan
◇◇———◇◇
Luis A. Borgen
◇◇———◇◇
Richard E. Holbrook
◇◇———◇◇
Bari A. Harlam
◇◇———◇◇
Marisa J. Harney
◇◇———◇◇
Linda M. Williams
◇◇———◇◇
Cathleen A. Schmidt
◇◇———◇◇
Leon A. Palandjian
◇◇————◇
Andargachew S. Zelleke
◇◇————◇
Joseph F. Casey
◇—————◇
Michael J. Sullivan
◇—————◇
Denis K. Sheahan and Robert F. Rivers served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Ameris Bancorp ABCB
  • Associated Banc-Corp ASB
  • Atlantic Union Bankshares Corporation AUB
  • Bank OZK OZK
  • BankUnited, Inc. BKU
  • Cathay General Bancorp CATY
  • F.N.B. Corporation FNB
  • First Financial Bancorp. FFBC
  • Fulton Financial Corporation FULT
  • Glacier Bancorp, Inc. GBCI
  • Independent Bank Corp. INDB
  • Pacific Premier Bancorp, Inc. PPBI
  • Pinnacle Financial Partners, Inc. PNFP
  • Simmons First National Corporation SFNC
  • SouthState Corporation SSB
  • Trustmark Corporation TRMK
  • United Bankshares, Inc. UBSI
  • United Community Banks, Inc. UCB
  • WaFd, Inc. WAFD
  • WSFS Financial Corporation WSFS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 18, 2026=◇◇◇
2024May 19, 2025=◇◇◇
2023May 13, 2024=◇◇◇
2022May 15, 2023=◇◇◇
2021May 16, 2022=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
Email me this page as a cited PDF
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.
Tell me when Eastern Bankshares files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact Eastern Bankshares disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Eastern Bankshares sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for a Velarion Pro seat
Full platform access for one person: every industry we cover, peer positioning, and the written analysis. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.
Join the list for Peer Group Review
Whether Eastern Bankshares' disclosed peer group is defensible, who names Eastern Bankshares back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
300 figures on this page: 295 cited to the filing that reported them, 5 calculated from figures it prints.
295 cited to the filing
5 calculated from the filing

Documents cited

  1. 0001193125-26-230782
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-126283
    2025 Summary Compensation Table · DIRECTOR COMPENSATION · Grant of Plan-Based Awards · Outstanding Equity Awards at 2025 Fiscal Year End · and 1 more section
  3. 0001193125-25-192867
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-24-138205
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001193125-24-082767
    2023 Summary Compensation Table
  6. 0001628280-23-018659
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001140361-23-015471
    Summary Compensation Table
  8. 0001628280-22-014555
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Eastern Bankshares executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/EBC (accessed 2026).
Short form: data: Velarion
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about Eastern Bankshares and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Eastern Bankshares discloses

The companies named in EBC's own disclosed peer group.

Ameris BancorpAssociated Banc-CorpAtlantic Union Bankshares CorporationBank OZKBankUnited, Inc.Cathay General BancorpF.N.B. CorporationFirst Financial Bancorp.Fulton Financial CorporationGlacier Bancorp, Inc.Independent Bank Corp.Pinnacle Financial Partners, Inc.Simmons First National CorporationSouthState CorporationTrustmark CorporationUnited Bankshares, Inc.United Community Banks, Inc.WaFd, Inc.WSFS Financial Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy