Eastern Bankshares (NASDAQ: EBC) director sells stock under 10b5-1 plan
Rhea-AI Filing Summary
Eastern Bankshares, Inc. (EBC) director Joseph F. Casey reported selling 1,778 shares of common stock on August 25, 2026 at $22.69 per share. The sale was executed from an account held as a Traditional IRA pursuant to a Rule 10b5-1 trading plan. After this transaction, reported holdings include 60,301 shares in the Traditional IRA, 3,883 shares held directly, 227,234 shares held indirectly by a trust, and 2,282 shares held indirectly in a Roth IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,778 shares
Net Sell
4 txns
Insider
CASEY JOSEPH F
Role
Director
Sold
1,778 shs ($40K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 1,778 | $22.69 | $40K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 60,301 shares (Indirect, Traditional IRA);
Common Stock — 3,883 shares (Direct);
Common Stock — 227,234 shares (Indirect, By Trust);
Common Stock — 2,282 shares (Indirect, Roth IRA)
Footnotes (1)
- F1. Sale of shares executed on August 25, 2026 pursuant to Reporting Person's 10b5-1 plan.
Key Figures
Shares sold: 1,778 shares
Sale price per share: $22.69 per share
Traditional IRA holdings after transaction: 60,301 shares
+4 more
7 metrics
Shares sold
1,778 shares
Common Stock sale on August 25, 2026
Sale price per share
$22.69 per share
Price for 1,778-share sale on August 25, 2026
Traditional IRA holdings after transaction
60,301 shares
Indirect ownership in Traditional IRA following sale
Direct holdings after transaction
3,883 shares
Direct ownership of Common Stock as of August 25, 2026
Trust holdings after transaction
227,234 shares
Indirect ownership "By Trust" as of August 25, 2026
Roth IRA holdings after transaction
2,282 shares
Indirect ownership in Roth IRA as of August 25, 2026
Net shares sold
1,778 shares
Net buy/sell direction in this Form 4 is net-sell
Key Terms
Rule 10b5-1 plan, Traditional IRA, Roth IRA, indirect ownership, +1 more
5 terms
Rule 10b5-1 plan regulatory
"Sale of shares executed on August 25, 2026 pursuant to Reporting Person's 10b5-1 plan"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
Traditional IRA financial
"direct_or_indirect: I, nature_of_ownership: Traditional IRA"
Roth IRA financial
"direct_or_indirect: I, nature_of_ownership: Roth IRA"
A Roth IRA is a retirement savings account you fund with money that’s already been taxed, and withdrawals taken in retirement under the account rules are tax-free. It matters to investors because it shifts the tax bill to today instead of retirement, potentially increasing after-tax income later—think of it like paying for a lifetime subscription now so you can use it without extra charges in the future—helpful for long-term tax planning and flexibility.
indirect ownership financial
"ownership_type: indirect, ownership_code: I"
By Trust financial
"nature_of_ownership: By Trust"
FAQ
What insider transaction did EBC director Joseph F. Casey report?
He reported a sale of 1,778 shares of Eastern Bankshares, Inc. common stock on August 25, 2026 at $22.69 per share, executed from a Traditional IRA account.
Was the August 25, 2026 EBC stock sale under a Rule 10b5-1 plan?
Yes. The filing states the sale of 1,778 shares on August 25, 2026 was executed pursuant to the reporting person’s Rule 10b5-1 trading plan.
Is the reported EBC stock held directly or indirectly by Joseph F. Casey?
Holdings are both. The filing reports 3,883 shares held directly, and indirect holdings of 60,301 shares in a Traditional IRA, 227,234 shares by a trust, and 2,282 shares in a Roth IRA.
AI-generated analysis. How Rhea-AI works. Not financial advice.
