Eastern Bankshares (NASDAQ: EBC) director sells via preset stock plan
Rhea-AI Filing Summary
Eastern Bankshares, Inc. (EBC) director Joseph F. Casey reported selling 10,000 shares of common stock on August 20, 2026 at $22.88 per share. The sale was executed through a Traditional IRA as an indirect holding and was carried out pursuant to a Rule 10b5-1 trading plan. After the sale, the IRA held 82,079 shares, in addition to other reported direct and indirect common stock holdings.
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 ($229K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 10,000 | $22.88 | $229K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 82,079 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 20, 2026 pursuant to Reporting Person's 10b5-1 plan.
Key Figures
Shares sold: 10,000 shares
Sale price per share: $22.88 per share
Traditional IRA holdings after transaction: 82,079 shares
+3 more
6 metrics
Shares sold
10,000 shares
Common Stock sale on August 20, 2026
Sale price per share
$22.88 per share
Common Stock sale on August 20, 2026
Traditional IRA holdings after transaction
82,079 shares
Indirect ownership via Traditional IRA after sale
Direct holdings after transaction
3,883 shares
Directly held Common Stock
Trust holdings after transaction
227,234 shares
Indirect ownership by trust
Roth IRA holdings after transaction
2,282 shares
Indirect ownership via Roth IRA
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 20, 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 or indirect: I, nature_of_ownership: Traditional IRA"
Roth IRA financial
"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 20, 2026, at $22.88 per share, executed through an indirectly held Traditional IRA.
Was the August 20, 2026 EBC stock sale under a Rule 10b5-1 plan?
Yes. The filing states the 10,000-share sale on August 20, 2026 was executed pursuant to the reporting person’s Rule 10b5-1 trading plan.
Is the reported EBC insider transaction a buy or a sell?
The reported insider transaction is a sale: 10,000 shares of Eastern Bankshares, Inc. common stock were sold at $22.88 per share on August 20, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
