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Eastern Bankshares (NASDAQ: EBC) director plans $236K stock sale

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Eastern Bankshares, Inc. (EBC) received a notice under Rule 144 that director Joseph F. Casey, through Fidelity Brokerage Services LLC, intends to sell 10,000 shares of common stock. The filing lists an aggregate market value of $236,200.00 and notes approximately 228,511,552 common shares outstanding, with sales expected as open market transactions on NASDAQ.

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Shares proposed to be sold 10,000 shares Common stock to be sold under Rule 144 by director Joseph F. Casey
Aggregate market value of shares $236,200.00 Value of 10,000 Eastern Bankshares, Inc. common shares listed in the notice
Shares outstanding 228,511,552 shares Approximate Eastern Bankshares, Inc. common shares outstanding noted in the filing
Planned transaction date 02/13/2026 Date associated with the Rule 144 open market transaction entry
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.
aggregate market value financial
"Common | Fidelity Brokerage Services LLC ... | 10000 | 236200.00 |"
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.
open market purchase market
"Common | 02/13/2026 | Open Market Purchase | Issuer |"
An open market purchase is when a company buys its own shares on public stock exchanges the same way any investor would, rather than through a private deal. Investors care because these purchases reduce the number of shares available, can boost earnings per share and share price, signal that management thinks the stock is undervalued, and use company cash that might otherwise go to reinvestment or dividends — like a business quietly buying back its own tickets at the box office.
attorney-in-fact regulatory
"as attorney-in-fact for Joseph F. Casey."
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

What does the Form 144 filing for EBC disclose about planned share sales?

The Form 144 reports that director Joseph F. Casey plans to sell 10,000 shares of Eastern Bankshares, Inc. common stock. The notice is filed through Fidelity Brokerage Services LLC and covers potential open market sales on NASDAQ under Rule 144.

How many EBC shares does Joseph F. Casey plan to sell under Rule 144?

Joseph F. Casey plans to sell 10,000 shares of Eastern Bankshares, Inc. common stock. The filing also lists an aggregate market value of $236,200.00 for these shares, indicating the approximate value at the time of the notice.

What is the aggregate market value of the EBC shares in this Form 144?

The Form 144 lists an aggregate market value of $236,200.00 for the 10,000 Eastern Bankshares, Inc. shares. This corresponds to the planned amount to be sold under Rule 144, based on market prices when the notice was prepared.

How many Eastern Bankshares (EBC) shares are outstanding according to this notice?

The notice states that approximately 228,511,552 shares of Eastern Bankshares, Inc. common stock are outstanding. This figure provides context for the 10,000 shares proposed to be sold under Rule 144 by director Joseph F. Casey.

Where will the EBC shares covered by this Form 144 potentially be sold?

The shares may be sold in open market transactions on NASDAQ. The Form 144 identifies the security as common stock of Eastern Bankshares, Inc. and specifies that the transactions are expected to be open market sales for cash.

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