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Eastern Bankshares director proposes $87K stock sale

Eastern Bankshares, Inc. (EBC) director Richard C. Bane filed a notice of proposed sale of 4,000 shares of the company’s common stock under Rule 144.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Eastern Bankshares, Inc. (EBC) director Richard C. Bane filed a notice of proposed sale of 4,000 shares of the company’s common stock under Rule 144. The shares are to be sold through Morgan Stanley Smith Barney LLC, with an aggregate market value of $87,100.40 as of September 14, 2026. The securities consist of restricted stock originally acquired from the issuer on November 30, 2022.

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Shares proposed to be sold 4,000 shares Common stock under Rule 144 notice by director Richard C. Bane
Aggregate market value $87,100.40 Value of 4,000 common shares as of September 14, 2026
Acquisition date of restricted stock November 30, 2022 Date the restricted stock was acquired from the issuer
Form type Form 144 Notice of proposed sale of restricted or control securities
Planned sale date reference September 14, 2026 Date tied to the proposed sale and market value entry
Security type Common stock (restricted) Eastern Bankshares, Inc. securities to be sold
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock financial
"Common | 11/30/2022 | Restricted Stock | Issuer"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
aggregate market value financial
"Common | Morgan Stanley Smith Barney LLC ... | 4000 | 87100.40"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did Eastern Bankshares, Inc. (EBC) disclose in this Form 144?

Director Richard C. Bane filed a Rule 144 notice for the proposed sale of 4,000 shares of Eastern Bankshares, Inc. common stock, to be sold through Morgan Stanley Smith Barney LLC.

How many EBC shares are covered by Richard C. Bane’s Form 144 filing?

The Form 144 covers a proposed sale of 4,000 shares of Eastern Bankshares, Inc. common stock.

What is the market value of the EBC shares proposed to be sold?

The 4,000 Eastern Bankshares, Inc. shares listed for sale have an aggregate market value of $87,100.40 as of September 14, 2026.

When were the Eastern Bankshares (EBC) shares originally acquired by the filer?

The shares covered by this Form 144, described as restricted stock, were acquired from Eastern Bankshares, Inc. on November 30, 2022.

Through which broker will the EBC shares be sold under this Form 144?

The Form 144 lists Morgan Stanley Smith Barney LLC Executive Financial Services as the broker handling the proposed sale of Eastern Bankshares, Inc. common stock.

On which market are the EBC shares to be sold according to the Form 144?

The shares of Eastern Bankshares, Inc. common stock covered by this Form 144 are listed for sale on NASDAQ.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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