Form 4: Eastern Co Director Charles W. Henry Reports Share Transfers and Acquisitions

Charles W. Henry, a director at Eastern Co, reported a transfer of shares from a trust and an acquisition of shares under the company's director's fee program.

Summary

• On January 19, 2024, Charles W. Henry transferred 2,604 common shares from the Charles W. Henry Trust to himself.
• On the same date, he reported owning 77,219 directly held common shares.
• On March 18, 2024, Henry acquired 648 common shares at $28.52 per share under The Eastern Company Director's Fee Program.
• Following this acquisition, he directly owns 77,867 common shares.
• Henry also has indirect ownership of 1,000 shares each through the Donald W. Henry Trust and the Jean V. Henry Trust, where he serves as the beneficiary and trustee.

Sentiment

Score: 7

Explanation: The report indicates routine transactions (share transfer and director's fee program acquisition), suggesting a neutral to slightly positive sentiment as it reflects continued investment by a director.

Positives

• The acquisition of shares through the Director's Fee Program demonstrates Henry's continued investment in the company.

Industry Context

Directors' share acquisitions are common and often viewed positively as they align management's interests with those of shareholders.

Stakeholder Impact

• The transactions may have a minor positive impact on shareholder confidence due to the director's continued investment in the company.

Key Dates