Eastern Bankshares Chief Information Officer Sells 21,000 Shares for $427,000

Company Overview - Eastern Bankshares, Inc. is a leading regional bank holding company with a diversified revenue base and a strong presence in the New England market [6] - The company offers a full suite of retail and commercial banking products, including deposit accounts, commercial and consumer loans, wealth management, and insurance services [7] - It serves retail, small business, commercial, and institutional clients, focusing on eastern Massachusetts and southern New Hampshire [7] Financial Metrics - Revenue (TTM) is reported at $696.7 million [4] - Net income (TTM) stands at $88.21 million [4] - The dividend yield is 2.42% [4] - The stock price has changed by 9.93% over the past year, calculated using January 28, 2026, as the reference date [4] Recent Transaction - On January 28, 2026, Donald Michael Westermann, Chief Information Officer, executed an open-market sale of 21,256 shares, valued at approximately $427,500 [1] - This transaction represents a net reduction of 30.88% of Westermann's total ownership, with no prior sell transactions for direct comparison [6] - The weighted-average sale price was around $20.11 per share, which is in line with the market close of $19.93 on the same day and slightly below the current price of $20.49 as of February 2, 2026 [6] Earnings Performance - The sale occurred shortly after the regional bank's fourth-quarter and full-year 2025 earnings announcement, which reported a 62% increase in operating net income year over year [9] - The company also noted "record levels of Wealth assets under management," according to CEO Denis Sheahan [9]