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Eastern Bankshares (NASDAQ: EBC) director plans 10,000-share sale

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Eastern Bankshares, Inc. (EBC) is the issuer for a notice filed on behalf of director Joseph F. Casey to sell restricted or control securities under Rule 144. The notice covers a proposed sale of 10,000 shares of common stock through Fidelity Brokerage Services LLC, with an aggregate market value of $229,600.00, and states that 228,511,552 shares of common stock are outstanding. It also lists sales during the prior three months totaling 20,000 shares for proceeds of $236,200.00 and $228,800.00 on two separate dates.

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Shares to be sold 10,000 shares Proposed Rule 144 sale of Eastern Bankshares, Inc. common stock
Aggregate market value of proposed sale $229,600.00 Value associated with 10,000 shares to be sold
Shares outstanding 228,511,552 shares Outstanding Eastern Bankshares, Inc. common stock
Sale on 08/19/2026 10,000 shares for $236,200.00 Past 3-month sale of EBC common stock by Joseph F. Casey
Sale on 08/20/2026 10,000 shares for $228,800.00 Past 3-month sale of EBC common stock by Joseph F. Casey
Planned sale date 08/21/2026 Intended date of proposed Rule 144 sale
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.
Form 144 regulatory
"144: Filer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Open Market Purchase financial
"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 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

How many Eastern Bankshares, Inc. (EBC) shares are covered by the current Form 144 notice?

The notice covers a proposed sale of 10,000 shares of Eastern Bankshares, Inc. common stock. These shares are to be sold through Fidelity Brokerage Services LLC, as indicated in the Rule 144 filing.

What recent sales of EBC stock by the filer are reported in the Form 144?

The document reports two recent sales by Joseph F. Casey: 10,000 shares on 08/19/2026 for $236,200.00 and 10,000 shares on 08/20/2026 for $228,800.00, both of Eastern Bankshares, Inc. common stock.

How many Eastern Bankshares, Inc. (EBC) shares are outstanding according to this filing?

The filing notes that there are 228,511,552 shares of Eastern Bankshares, Inc. common stock outstanding, providing context for the relative size of the reported and proposed Rule 144 sales.

On which market is Eastern Bankshares, Inc. (EBC) common stock listed in this Form 144?

The Form 144 identifies the trading market for Eastern Bankshares, Inc. common stock as NASDAQ in connection with the proposed Rule 144 sale.

Who is the broker for the planned Rule 144 sale of EBC shares?

The filing lists Fidelity Brokerage Services LLC as the broker for the proposed sale of 10,000 shares of Eastern Bankshares, Inc. common stock under Rule 144.

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