Form 4: Eastern Co. Director Frederick DiSanto Acquires Shares

Director Frederick DiSanto of Eastern Co. acquired 654 shares of common stock at $28.62 per share on December 13, 2024.

Summary

• Frederick DiSanto, a director at Eastern Co., purchased 654 shares of common stock on December 13, 2024.
• The purchase price was $28.62 per share.
• Following the transaction, Mr. DiSanto directly owns 68,162 shares.
• He also has indirect ownership of 43,797 shares through Ancora Catalyst Fund LP and 11,970 shares through Ancora Merlin Fund LP.
• Mr. DiSanto's indirect ownership is due to his role as Chairman and CEO of Ancora Alternatives LLC, the General Partner of both funds.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of a share purchase by a director. It is neither particularly positive nor negative, but indicates confidence from the director.

Positives

• The purchase of shares by a director can be seen as a positive sign of confidence in the company's future.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the transactions of company directors and officers.

Comparison to Industry Standards

• SEC Form 4 filings are a standard practice for publicly traded companies in the United States.
• The reporting requirements are consistent across all companies and are designed to ensure transparency in insider trading.
• The transaction is typical for a director and is not unusual in the context of corporate governance.

Stakeholder Impact

• The share purchase may have a minor positive impact on shareholder sentiment, as it indicates confidence from a company director.

Key Dates

Keywords

Eastern Co, Frederick DiSanto, share purchase, insider trading, beneficial ownership, Ancora Catalyst Fund LP, Ancora Merlin Fund LP, director