Westermann Donald Michael 4

What Happened
Donald Michael Westermann, Chief Information Officer of Eastern Bankshares, sold 21,256 shares on January 28, 2026. The filing reports an average sale price of $20.11 per share (range $20.10–$20.13), for a total proceeds value of approximately $427,458. This was a sale (code S), not a purchase or option exercise.

Key Details

• Transaction date: 2026-01-28; Form 4 filed: 2026-01-29 (filed within the standard two-business-day Form 4 window).
• Price: average $20.11 per share; reported range $20.10 to $20.13 (footnote F1). The filer will provide exact per-price breakdown on request.
• Shares sold: 21,256; total proceeds ≈ $427,458.
• Shares owned after transaction: the filing references beneficial ownership (footnote F2), but the provided excerpt does not list the resulting total share count.
• Footnotes: F1 explains the average price and price range; F2 notes the beneficial ownership figure includes automatic dividend reinvestment as of the report date.
• No indication in the filing of a 10b5-1 plan, gift, exercise, or tax-withholding disposition in the provided excerpt.

Context
This was an open-market sale by a company executive. Sales by insiders can be routine (diversification, liquidity, tax reasons, or plan-driven) and do not, by themselves, prove a change in insider sentiment about the company. Purchases tend to be more informative for bullish signals; this transaction is a routine insider sale disclosed per SEC rules.