Form 4: Eastern Co Director Frederick DiSanto Acquires Shares Under Director's Fee Program

Director Frederick D. DiSanto acquired 647 shares of Eastern Co stock under the director's fee program at a price of $31.46 per share.

Summary

• On September 16, 2024, Frederick D. DiSanto, a director of Eastern Co, acquired 647 shares of common stock.
• The acquisition was made under the Eastern Company director's fee program, pursuant to rule 16b3(d).
• The price used to determine the number of shares was $31.46, based on the share price on September 13, 2024.
• Following the transaction, Mr. DiSanto directly owns 64,312 shares.
• Mr. DiSanto also has indirect ownership through his position as Chairman and CEO of Ancora Alternatives LLC, the General Partner of Ancora Catalyst Fund LP (43,797 shares) and Ancora Merlin Fund LP (11,970 shares).

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. The director's increased stake could be seen as mildly positive.

Positives

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

Industry Context

This type of transaction is common for directors who receive compensation in the form of company stock. It aligns the director's interests with those of the shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates