Form 4: Eastern Co. Director and 10% Owner Frederick DiSanto Boosts Stake with Recent Stock Purchase

Eastern Co. Director and 10% Owner Frederick D. DiSanto has acquired an additional 1,000 shares of common stock at $22.25 per share, increasing his direct beneficial ownership to 79,092 shares.

Summary

• Frederick D. DiSanto, a Director and 10% Owner of Eastern Co. (EML), purchased 1,000 shares of common stock.
• The transaction occurred on June 5, 2025, at a price of $22.25 per share.
• Following this transaction, Mr. DiSanto directly beneficially owns 79,092 shares of Eastern Co. common stock.
• He also indirectly beneficially owns 43,797 shares through Ancora Catalyst and 11,970 shares through Ancora Merlin.
• Mr. DiSanto disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest therein.

Sentiment

Score: 7

Explanation: The purchase of shares by a significant insider, a Director and 10% owner, generally signals management's confidence in the company's current valuation and future performance, which is a positive indicator.

Positives

• A Director and 10% owner, Frederick D. DiSanto, purchased additional shares of Eastern Co. common stock, which can signal confidence in the company's future prospects.
• The purchase price of $22.25 per share indicates a specific valuation at which the insider deemed the stock attractive.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Frederick D. DiSanto indirectly beneficially owns 43,797 shares through Ancora Catalyst and 11,970 shares through Ancora Merlin.
• Mr. DiSanto is the Chairman and Chief Executive Officer of Ancora Holdings, which is the sole member of Ancora Alternatives, the General Partner of both Ancora Catalyst and Ancora Merlin.
• Mr. DiSanto expressly disclaims beneficial ownership of these indirectly held shares except to the extent of his pecuniary interest therein.

Stakeholder Impact

• Shareholders may view the insider purchase as a positive signal of confidence in the company's future performance and valuation.

Key Dates

Recommendation

Keywords

Eastern Co, EML, Insider Trading, Form 4, Stock Purchase, Director, Beneficial Ownership, Frederick D. DiSanto, Ancora