Form 4: Eastern Co Director Charles W. Henry Reports Stock Acquisition

Director Charles W. Henry reports acquiring 699 shares of Eastern Co stock through the director's fee program and discloses beneficial ownership through trusts.

Summary

• Charles W. Henry, a director of Eastern Co, filed a Form 4 on June 18, 2024.
• The report details a transaction on June 17, 2024, where Mr. Henry acquired 699 shares of Eastern Co common stock at a price of $26.49 per share.
• This acquisition was made under The Eastern Company Director's Fee Program pursuant to Rule 16b-3(d).
• Following the transaction, Mr. Henry directly owns 78,566 shares.
• Mr. Henry also has indirect ownership of 1,000 shares through the Donald W. Henry Trust and 1,000 shares through the Jean V. Henry Trust, for which he serves as both beneficiary and trustee.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. The director's stock acquisition is a mildly positive signal, but not significantly impactful.

Positives

• The director's participation in the Director's Fee Program could be seen as a positive signal, indicating confidence in the company's future.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors seeking to understand management's perspective on the company's stock.

Stakeholder Impact

• The stock acquisition by a director may have a slightly positive impact on shareholder sentiment.

Key Dates