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Insider Buy New Position August 21, 2024

Palandjian Leon Aghababai purchased ~$78K in Eastern Bankshares, Inc. stock

Eastern Bankshares, Inc. (EBC)  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+18.1%

vs SPY +5.6%

EBC price after insider trade by Palandjian Leon Aghababai

Insider

Palandjian Leon Aghababai

Role

Transaction

Open-Market Purchase

Approx. Value

~$78K

Trade Date

Aug 21, 2024

Company

Eastern Bankshares, Inc.

Ticker

EBC

Source

SEC EDGAR Form 4

Strong conviction signal

Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.

~$78K purchase

A personal investment by a corporate insider. Even smaller trades can be meaningful when combined with other factors like timing and role.

+18.1% in 90 days (S&P 500: +5.6%)

This trade beat the S&P 500 by 12.4 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

PL

How good is Palandjian Leon Aghababai at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

See track record

On August 21, 2024, Palandjian Leon Aghababai — a corporate insider at Eastern Bankshares, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$78K in Eastern Bankshares, Inc. (EBC) stock.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, EBC returned +18.1% versus +5.6% for the S&P 500 over the same period.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Strong
Trade size ~$78K
Insider role Insider
90-day return +18.1%
vs S&P 500 +12.4%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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