Form 4: Eastern Co Director Acquires Shares Under Fee Program

Frederick D. DiSanto, a director of Eastern Co, acquired 697 shares of common stock under the company's director's fee program on March 15, 2024.

Summary

• On March 15, 2024, Frederick D. DiSanto, a director of Eastern Co, acquired 697 shares of common stock at a price of $28.52 per share.
• The acquisition was made under the Eastern Company director's fee program pursuant to rule 16b3(d).
• Following the transaction, Mr. DiSanto directly owns 62,915 shares.
• Mr. DiSanto also has indirect ownership through his position as Chairman and CEO of Ancora Alternatives LLC, the General Partner of Ancora Catalyst Fund LP (43,797 shares) and Ancora Merlin Fund LP (11,970 shares).

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction (director's share acquisition) rather than a major strategic event.

Positives

• The director's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Directors often receive shares as part of their compensation, aligning their interests with those of shareholders. This is a common practice in publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates