Form 4: Eastern Co. Director Frederick DiSanto Acquires Shares Through Fee Program

Director Frederick DiSanto acquired 686 shares of Eastern Co. common stock through the company's director's fee program.

Summary

• Frederick DiSanto, a director at Eastern Co., acquired 686 shares of common stock on December 13, 2024.
• The shares were acquired through the company's director's fee program at a price of $28.99 per share.
• Following the transaction, Mr. DiSanto directly owns 68,848 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 position as Chairman and CEO of Ancora Alternatives LLC, the General Partner of both funds.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of insider trading activity and does not indicate any positive or negative sentiment.

Positives

• The acquisition of shares by a director may signal confidence in the company's future performance.

Industry Context

This is a routine disclosure of insider trading activity, which is common for publicly traded companies. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The share acquisition through a director's fee program is a common method of compensation for board members.

Stakeholder Impact

• The share acquisition has a minor positive impact on shareholders as it indicates confidence from a company director.

Key Dates

Keywords

Eastern Co, Frederick DiSanto, director, share acquisition, insider trading, Form 4, Ancora Catalyst Fund LP, Ancora Merlin Fund LP, direct ownership, indirect ownership