Eastern Bankshares (NASDAQ: EBC) director sells 10,000 shares via 10b5-1 plan
Rhea-AI Filing Summary
Eastern Bankshares, Inc. (EBC) director Joseph F. Casey reported a sale of 10,000 shares of common stock on August 21, 2026 at $22.96 per share. The shares were sold from an account held as indirect ownership through a Traditional IRA, pursuant to a Rule 10b5-1 trading plan.
After this transaction, Casey reports 72,079 shares held indirectly 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: 10,000 shares
Net Sell
4 txns
Insider
CASEY JOSEPH F
Role
Director
Sold
10,000 shs ($230K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 10,000 | $22.96 | $230K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 72,079 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 21, 2026 pursuant to Reporting Person's 10b5-1 plan.
Key Figures
Shares sold: 10,000 shares of Common Stock
Sale price per share: $22.96 per share
Traditional IRA holdings after transaction: 72,079 shares
+3 more
6 metrics
Shares sold
10,000 shares of Common Stock
Sale on August 21, 2026 reported by director Joseph F. Casey
Sale price per share
$22.96 per share
Price for 10,000-share sale on August 21, 2026
Traditional IRA holdings after transaction
72,079 shares
Indirect ownership in Traditional IRA following the sale
Direct holdings after transaction
3,883 shares
Shares of EBC common stock held directly by Joseph F. Casey
Trust holdings after transaction
227,234 shares
Indirect ownership reported as held by trust
Roth IRA holdings after transaction
2,282 shares
Indirect ownership in Roth IRA following the reported sale
Key Terms
Rule 10b5-1 plan, Traditional IRA, Roth IRA, indirect ownership
4 terms
Rule 10b5-1 plan regulatory
"Sale of shares executed on August 21, 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
"indirect ownership through a Traditional IRA"
Roth IRA financial
"indirect ownership in a 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 is reported as indirect"
FAQ
What insider transaction did EBC director Joseph F. Casey report?
Joseph F. Casey reported a sale of 10,000 shares of Eastern Bankshares, Inc. common stock on August 21, 2026 at $22.96 per share, executed from a Traditional IRA account as indirect ownership.
Was the August 21, 2026 EBC stock sale under a Rule 10b5-1 plan?
Yes. The filing states the 10,000-share sale on August 21, 2026 was executed pursuant to the reporting person’s Rule 10b5-1 trading plan, indicating it followed a pre-arranged trading instruction.
What was the sale price for Joseph F. Casey’s August 21, 2026 EBC trade?
The 10,000 EBC shares were sold at a price of $22.96 per share, described as a sale in the open market or a private transaction.
How is Joseph F. Casey’s ownership in EBC categorized in this Form 4?
The sold shares and several remaining positions are reported as indirect ownership (Traditional IRA, Roth IRA, and by trust), while 3,883 shares are reported as held under direct ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
