Form 4: Eastern Bankshares President Miller Sells Shares

Quincy Lee Miller, President of Eastern Bankshares, sold 12,676 shares of common stock at an average price of $16.66 on September 4, 2024.

Summary

• On September 4, 2024, Quincy Lee Miller, President of Eastern Bankshares, sold 12,676 shares of common stock.
• The sale was executed at an average price of $16.66 per share, with individual sales prices ranging from $16.65 to $16.67.
• Following the transaction, Miller directly owns no shares.
• Miller indirectly owns 83,240 shares through an IRA, 1,280 shares through a spouse's IRA, and 2,840 shares through an ESOP.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. It's a routine filing and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading by corporate insiders. This allows the market to see if key people in a company are buying or selling stock.

Stakeholder Impact

• The sale of shares by a company president could be perceived negatively by some shareholders, although it is a relatively small transaction.

Key Dates