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EBC - Eastern Bankshares, Inc.

Insider Purchase by Sheahan Denis K (CEO)

1 Year
After Trade
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Trade Summary

6 months ago, Sheahan Denis K, serving as CEO at Eastern Bankshares, Inc. (EBC), purchased 29,762 shares at $16.71 per share, for a total transaction value of $497,323.00. Following this transaction, Sheahan Denis K now holds 279,616 shares of EBC.

This purchase represents a 12.00% increase in Sheahan Denis K's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Monday, August 25, 2025 and publicly disclosed via SEC Form 4 filing on Tuesday, August 26, 2025, 1 day after the trade was made.

Eastern Bankshares, Inc. operates in the FINANCIAL SERVICES sector, specifically within the BANKS - REGIONAL industry. Insider buying activity in this sector can provide valuable signals about industry trends and company-specific developments.

Sheahan Denis K

CEO

Denis K. Sheahan is the Chief Executive Officer and a director of Eastern Bankshares, Inc. and Eastern Bank, positions he assumed on July 12-13, 2024, following the merger with Cambridge Bancorp.[[1]](https://fintool.com/app/research/companies/EBC/people/denis-k-sheahan)[[2]](https://www.easternbank.com/about-us/executive-leadership/denis-k-sheahan)[[5]](https://www.sec.gov/Archives/edgar/data/1810546/000162828024035518/ebc-06302024xex105sheahand.htm) Age 60 (as of 2024), Sheahan previously served as Chairman, President, and CEO of Cambridge Bancorp and Cambridge Trust Company from 2015 to 2024, leading it through the merger with Eastern; prior to that, he was CFO and COO at Independent Bank Corp./Rockland Trust for 19 years (~1996-2015) and Vice President of Finance at BayBanks, Inc.[[1]](https://fintool.com/app/research/companies/EBC/people/denis-k-sheahan)[[2]](https://www.easternbank.com/about-us/executive-leadership/denis-k-sheahan) Sheahan holds a degree from Cork Institute of Technology, Ireland, and an MBA from Boston University.[[1]](https://fintool.com/app/research/companies/EBC/people/denis-k-sheahan)[[2]](https://www.easternbank.com/about-us/executive-leadership/denis-k-sheahan) He serves on boards including the Cambridge Community Foundation, Rian Immigrant Center, Cambridge Family YMCA, and Massachusetts Bankers Association.[[2]](https://www.easternbank.com/about-us/executive-leadership/denis-k-sheahan) His 2024 compensation totaled approximately $1.69M, with significant equity ownership of about 249,798-279,616 shares, aligning incentives with shareholders.[[1]](https://fintool.com/app/research/companies/EBC/people/denis-k-sheahan)[[4]](https://simplywall.st/stocks/de/banks/fra-eb0/eastern-bankshares/management)[[7]](https://www.gurufocus.com/insider/52304/denis-k-sheahan)

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Trade Price

$16.71

Quantity

29,762

Total Value

$497,323.00

Shares Owned

279,616

Trade Date

Monday, August 25, 2025

181 days ago

SEC Filing Date

Tuesday, August 26, 2025

Filed 1 day after trade

FINANCIAL SERVICESBANKS - REGIONAL

About Eastern Bankshares, Inc.

Company Overview

No company information available
View news mentioning EBC

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