Eastern Bankshares insider purchase: 5,855 shares at $17.07 reported
Rhea-AI Filing Summary
Kathleen Henry, Executive VP, General Counsel and director of Eastern Bankshares, Inc. (EBC), filed a Form 4 reporting insider transactions dated 08/27/2025. The filing discloses a purchase (Transaction Code P) of 5,855 shares of Eastern Bankshares common stock at $17.07 per share. Following the reported activity, the filing shows 28,219 shares beneficially owned indirectly (including amounts held via a 401(k)) and 3,976 shares beneficially owned indirectly by an ESOP. The document is signed by Kathleen R. Henry by power of attorney on 08/29/2025. An explanatory note states that beneficial ownership totals reflect shares including automatic dividend reinvestment as of the report date.
Positive
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Negative
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Insights
TL;DR: Insider reported a small open-market purchase of 5,855 shares at $17.07, with modest indirect holdings disclosed.
The filing documents a routine Section 16 disclosure by a named officer and director. The reported purchase (code P) of 5,855 shares at $17.07 is explicit and the report details indirect holdings of 28,219 shares and 3,976 shares held via ESOP mechanisms. The filing includes the standard explanatory note that totals include dividend reinvestment and is signed under power of attorney. There are no derivative transactions or additional material events disclosed.
TL;DR: Form 4 is a standard disclosure showing a small acquisition and indirect holdings; no governance changes reported.
The report identifies the reporting person and her relationship to the issuer (Executive VP, General Counsel, Director). It records a purchase transaction on 08/27/2025 and summarizes post-transaction beneficial ownership, with an explicit note on dividend reinvestment. The filing contains a manual signature via power of attorney dated 08/29/2025. There are no amendments, new option grants, or other governance actions included in this Form 4.