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Eastern Bankshares Executive Compensation (FY25)

EBC · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Denis Sheahan
Latest say-on-pay support
=
May 18, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 18, 2026Latest filing (8-K): May 19, 2026
9 filings cited on this page
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Eastern Bankshares brief$1,500Get the executive brief
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315 figures on this page: 310 cited to the filing that reported them, 5 calculated from figures it prints. See the citations
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 and Chair of the Board of Directors
◇—◇—◇◇◇◇
Timothy Lodge
Former Chief Banking Officer
Departed during or after this year
◇◇◇—◇◇◇◇
James Fitzgerald
Chief Financial Officer
◇◇◇—◇◇◇◇
Quincy Miller
President and Chief Operating Officer
◇—◇—◇◇◇◇
Kathleen Henry
Executive Vice President, General Counsel and Corporate Secretary
◇◇◇—◇◇◇◇
Donald Westermann
Chief Information Officer
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert Rivers
Executive Chair and Chair of the Board of Directors
◇—◇—◇◇◇◇
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
◇—◇—◇◇◇◇
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
◇—◇—◇◇◇◇
Donald Westermann
Chief Information Officer
◇◇◇—◇◇◇◇
R. David Rosato
Chief Financial Officer
◇◇◇—◇—◇◇
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. SheahanRSU◇——◇——◇
Denis K. SheahanPSU◇◇◇—◇—◇
Donald M. WestermannRSU◇——◇——◇
Donald M. WestermannPSU◇◇◇—◇—◇
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◇◇——
R. David RosatoPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Quincy MillerPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Denis SheahanPSU◇◇——
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.

Severance and change in control

The terms as written in the agreements.
Donald Westermann
Chief Information Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Quincy Miller
President and Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Equity acceleration on change in control◇
R. David Rosato
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇

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.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Equity is delivered as restricted stock units.

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
◇

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Sample answer — “What is the CEO’s total compensation?”
- Denis Sheahan (Chief Executive Officer), FY2025 total compensation $5,069,867 (base salary $800,000) [exec_comp, SEC accession 0001193125-26-126283, filed 2026-03-26]

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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.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
315 figures on this page: 310 cited to the filing that reported them, 5 calculated from figures it prints.
310 cited to the filing
5 calculated from the filing

Documents cited

  1. 0001193125-26-230782
  2. 0001193125-26-126283
    2025 Summary Compensation Table · Compensation Discussion and Analysis · Director Compensation · Grant of Plan-Based Awards · and 1 more section
  3. 0001193125-25-192867
  4. 0001193125-25-080181
  5. 0001193125-24-138205
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-082767
    2023 Summary Compensation Table
  7. 0001628280-23-018659
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001140361-23-015471
    Summary Compensation Table
  9. 0001628280-22-014555
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Eastern Bankshares executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/EBC (accessed 2026).
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9 filings cited on this page
Method: intel.velarion.ai/methodology
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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.Pacific Premier Bancorp, Inc.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

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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}
}
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