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Eastern Bankshares officer plans $304K stock sale

An Eastern Bankshares officer filed a Rule 144 notice to sell 14,000 common shares valued at about $303,555.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Eastern Bankshares, Inc. (EBC) received a notice that officer Kathleen Cloherty Henry plans to sell 14,000 shares of its common stock under Rule 144 through Morgan Stanley Smith Barney LLC. The shares were acquired as Performance Shares on March 1, 2025, with an indicated aggregate market value of $303,555. Eastern Bankshares reports 228,511,552 common shares outstanding and lists its common stock on NASDAQ.

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Shares to be sold 14,000 shares Common stock covered by the Rule 144 notice
Aggregate market value of shares $303,555 Value of 14,000 Eastern Bankshares common shares to be sold
Shares outstanding 228,511,552 shares Eastern Bankshares common shares outstanding
Security type Common stock Class of securities to be sold under Rule 144
Acquisition date of performance shares March 1, 2025 Date the 14,000 performance shares were acquired
Planned sale date reference September 2, 2026 Date referenced in the Form 144 notice and signature
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.
Performance Shares financial
"Common | 03/01/2025 | Performance Shares | Issuer"
Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.
aggregate market value financial
"Common | Morgan Stanley Smith Barney LLC ... | 14000 | 303555.00"
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.
Executive Financial Services financial
"Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza"

FAQ

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

The filing states that officer Kathleen Cloherty Henry plans to sell 14,000 shares of Eastern Bankshares, Inc. common stock under Rule 144, with an indicated aggregate market value of $303,555, through Morgan Stanley Smith Barney LLC.

Who is selling Eastern Bankshares (EBC) shares in this Form 144?

The planned sale is for the account of Kathleen Cloherty Henry, identified as an officer of Eastern Bankshares, Inc. The notice covers her intended disposition of common stock under Rule 144.

How many Eastern Bankshares (EBC) shares are covered by this Form 144?

The notice covers a proposed sale of 14,000 shares of Eastern Bankshares, Inc. common stock. These shares are listed as Performance Shares with an acquisition date of March 1, 2025.

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

The filing reports an aggregate market value of approximately $303,555 for the 14,000 common shares of Eastern Bankshares, Inc. that are planned to be sold under Rule 144.

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

The notice lists 228,511,552 shares of Eastern Bankshares, Inc. common stock as outstanding. This figure is a general share count, separate from the 14,000 shares covered by the planned Rule 144 sale.

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