Eastern Bankshares (NASDAQ: EBC) director sells via preset trading plan
Rhea-AI Filing Summary
Eastern Bankshares, Inc. (EBC) director Joseph F. Casey reported selling 10,000 shares of common stock on August 24, 2026 at $22.72 per share from an account held as a Traditional IRA, in a transaction executed pursuant to a Rule 10b5-1 trading plan. Following this sale, that IRA held 62,079 shares indirectly. Additional reported positions on the same date were 3,883 shares held directly, 227,234 shares held indirectly by a trust, and 2,282 shares held indirectly through 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 ($227K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 10,000 | $22.72 | $227K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 62,079 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 24, 2026 pursuant to Reporting Person's 10b5-1 plan.
Key Figures
Shares sold: 10,000 shares
Sale price per share: $22.72 per share
Shares following transaction (Traditional IRA): 62,079 shares
+3 more
6 metrics
Shares sold
10,000 shares
Common Stock sold on August 24, 2026 from Traditional IRA
Sale price per share
$22.72 per share
Common Stock sale on August 24, 2026
Shares following transaction (Traditional IRA)
62,079 shares
Indirect ownership in Traditional IRA after August 24, 2026 sale
Direct holdings
3,883 shares
Directly held Common Stock as of August 24, 2026
Trust holdings
227,234 shares
Indirect ownership by trust as of August 24, 2026
Roth IRA holdings
2,282 shares
Indirect ownership via Roth IRA as of August 24, 2026
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 24, 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"
FAQ
What insider transaction did EBC director Joseph F. Casey report?
He reported a sale of 10,000 shares of Eastern Bankshares, Inc. common stock on August 24, 2026 at $22.72 per share, from an account held as a Traditional IRA, executed under a Rule 10b5-1 trading plan.
Was the EBC insider sale made under a Rule 10b5-1 plan?
Yes. A footnote states the 10,000-share sale on August 24, 2026 was executed pursuant to the reporting person’s Rule 10b5-1 trading plan, indicating it followed a pre-arranged trading schedule.
AI-generated analysis. How Rhea-AI works. Not financial advice.
