Eastern Bankshares EVP sells 13,500 shares
An Eastern Bankshares executive vice president disclosed an open-market sale of 13,500 shares and now holds direct and plan-based positions in EBC stock.
Rhea-AI Filing Summary
Eastern Bankshares, Inc. (EBC) executive vice president Steven Louis Antonakes reported selling 13,500 shares of common stock on September 1, 2026 at a weighted-average price between $21.95 and $21.96 per share. After this sale, he held 61,790 shares directly, plus 13,295 shares through a 401(k) and 4,990 shares through an employee stock ownership plan, including shares received through automatic dividend reinvestment. No Rule 10b5-1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 13,500 shares
Net Sell
3 txns
Insider
Antonakes Steven Louis
Role
Executive VP
Sold
13,500 shs ($296K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 13,500 | $21.95 | $296K |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 61,790 shares (Direct);
Common Stock — 13,295 shares (Indirect, By 401(k));
Common Stock — 4,990 shares (Indirect, By ESOP)
Footnotes (2)
- F1. Represents the average sale price. The actual sale prices range from $21.95 to $21.96 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.
- F2. Reflects the amount of shares beneficially owned, including shares received due to automatic dividend reinvestment, as of the date of this report.
Key Figures
Shares sold: 13,500 shares
Sale price range: $21.95–$21.96 per share
Weighted-average sale price: $21.95 per share
+4 more
7 metrics
Shares sold
13,500 shares
Sale of Eastern Bankshares common stock on September 1, 2026
Sale price range
$21.95–$21.96 per share
Actual sale prices for the 13,500 shares of common stock
Weighted-average sale price
$21.95 per share
Average price reported for the sale of 13,500 shares
Direct holdings after sale
61,790 shares
Directly held Eastern Bankshares common stock after the September 1, 2026 sale
401(k) plan holdings
13,295 shares
Shares beneficially owned through a 401(k), including automatic dividend reinvestment
ESOP holdings
4,990 shares
Shares beneficially owned through an employee stock ownership plan, including automatic dividend reinvestment
Net shares sold
13,500 shares
Net change from reported buy and sell activity in this Form 4
Key Terms
weighted-average price, beneficially owned, automatic dividend reinvestment, employee stock ownership plan
4 terms
weighted-average price financial
"Represents the average sale price. The actual sale prices range from $21.95 to $21.96 per share."
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
beneficially owned financial
"Reflects the amount of shares beneficially owned, including shares received due to automatic dividend reinvestment, as of the date of this report."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
automatic dividend reinvestment financial
"Reflects the amount of shares beneficially owned, including shares received due to automatic dividend reinvestment, as of the date of this report."
employee stock ownership plan financial
"Indirect holdings reported through a 401(k) and an ESOP in Eastern Bankshares common stock."
An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
