diff --git a/EIPS/eip-1.md b/EIPS/eip-1.md
index a2e6d239720c4..f62615ca58dfc 100644
--- a/EIPS/eip-1.md
+++ b/EIPS/eip-1.md
@@ -135,6 +135,8 @@ Each EIP must begin with an [RFC 822](https://www.ietf.org/rfc/rfc822.txt) style
 
 `created`: *Date the EIP was created on*
 
+`finalized`: *Date the EIP was finalized* (Optional field, only needed when status is a terminal status, e.g. `Final` or `Withdrawn`)
+
 `requires`: *EIP number(s)* (Optional field)
 
 `withdrawal-reason`: *A sentence explaining why the EIP was withdrawn.* (Optional field, only needed when status is `Withdrawn`)
diff --git a/eip-template.md b/eip-template.md
index a561aeb07e84c..9d1bc2bc6f539 100644
--- a/eip-template.md
+++ b/eip-template.md
@@ -8,6 +8,7 @@ status: Draft
 type: <Standards Track, Meta, or Informational>
 category (*only required for Standards Track): <Core, Networking, Interface, or ERC>
 created: <date created on, in ISO 8601 (yyyy-mm-dd) format>
+finalized (*optional): <date finalized, in ISO 8601 (yyyy-mm-dd) format>
 requires (*optional): <EIP number(s)>
 ---