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EBC - Eastern Bankshares, Inc.

Insider Purchase by Rivers Robert Francis (Exec Chair)

1 Year
After Trade
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Trade Summary

6 months ago, Rivers Robert Francis, serving as Exec Chair at Eastern Bankshares, Inc. (EBC), purchased 44,642 shares at $16.71 per share, for a total transaction value of $745,968.00. Following this transaction, Rivers Robert Francis now holds 357,250 shares of EBC.

This purchase represents a 14.00% increase in Rivers Robert Francis'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.

Rivers Robert Francis

Exec Chair

Robert F. Rivers is the Executive Chair and Principal Executive Officer (PEO) of Eastern Bankshares, Inc. (EBC) and Chair of its Board, positions he has held since July 12, 2024, following his tenure as CEO from 2017 to 2024.[[1]](https://fintool.com/app/research/companies/EBC/people/robert-f-rivers)[[2]](https://investor.easternbank.com/governance/board-of-directors/person-details/default.aspx?ItemId=dd27489d-d92a-4288-8cde-2454879b5828)[[3]](https://www.easternbank.com/about-us/executive-leadership/robert-rivers) Age 60, Rivers joined Eastern Bank in 2006 as Vice Chair and Chief Banking Officer, advancing to President (2007), COO (2012), and director (2015), after 14 years at M&T Bank (1991-2005) and a role as EVP of Retail Banking at Commercial Federal Bank.[[1]](https://fintool.com/app/research/companies/EBC/people/robert-f-rivers)[[2]](https://investor.easternbank.com/governance/board-of-directors/person-details/default.aspx?ItemId=dd27489d-d92a-4288-8cde-2454879b5828)[[5]](https://www.bostonfed.org/people/bank/robert-rivers.aspx) He holds a BA from Stonehill College and an MBA from the University of Rochester.[[1]](https://fintool.com/app/research/companies/EBC/people/robert-f-rivers)[[3]](https://www.easternbank.com/about-us/executive-leadership/robert-rivers) Under Rivers' leadership, Eastern executed a record ~$1.7B mutual-to-stock IPO, doubled assets to $25.6B, completed mergers with Century Bank (2021) and Cambridge Trust (2024), sold Eastern Insurance for $513M, and tripled wealth AUM to $8.3B, with 2024 operating net income up 18% YoY.[[1]](https://fintool.com/app/research/companies/EBC/people/robert-f-rivers)[[3]](https://www.easternbank.com/about-us/executive-leadership/robert-rivers) A 40-year community banker who began as a teller at Randolph Savings Bank, he co-founded Eastern Labs for fintech innovation and serves on boards including the Federal Reserve Bank of Boston's Federal Advisory Council (since 2023), Greater Boston Chamber of Commerce Executive Committee, Stonehill College Trustee, and Massachusetts Business Roundtable Chair.[[1]](https://fintool.com/app/research/companies/EBC/people/robert-f-rivers)[[2]](https://investor.easternbank.com/governance/board-of-directors/person-details/default.aspx?ItemId=dd27489d-d92a-4288-8cde-2454879b5828)[[3]](https://www.easternbank.com/about-us/executive-leadership/robert-rivers)[[5]](https://www.bostonfed.org/people/bank/robert-rivers.aspx) As a corporate insider, he recently purchased 50,000 EBC shares on October 28, 2025, and owns approximately 407,279 shares.[[4]](https://www.gurufocus.com/insider/132080/robert-francis-rivers)[[7]](https://www.tradingview.com/news/tradingview:b9f339198b9cf:0-eastern-bankshares-executive-chair-acquires-50-000-shares/)

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Trade Price

$16.71

Quantity

44,642

Total Value

$745,968.00

Shares Owned

357,250

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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