Eastern Bankshares (NASDAQ: EBC) director plans 10,000-share sale
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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Key Figures
Shares to be sold: 10,000 shares
Aggregate market value of proposed sale: $229,600.00
Shares outstanding: 228,511,552 shares
+3 more
6 metrics
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
Key Terms
Rule 144, Form 144, Open Market Purchase, attorney-in-fact
4 terms
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
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.