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

Director Frederick DiSanto acquired 750 shares of Eastern Co stock under the director's fee program at a price of $26.49 per share.

Summary

• On June 17, 2024, Frederick D. DiSanto, a director of Eastern Co, acquired 750 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 $26.49 on July 14, 2024.
• Following the transaction, Mr. DiSanto directly owns 63,665 shares.
• Mr. DiSanto also has indirect ownership through Ancora Catalyst Fund LP (43,797 shares) and Ancora Merlin Fund LP (11,970 shares) due to his position as Chairman and CEO of Ancora Alternatives LLC, the General Partner of the Funds.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares is generally a good sign, but it's part of a pre-existing program, so it's not a strong signal.

Positives

• Director's acquisition of shares demonstrates confidence in the company.

Industry Context

Directors acquiring shares in their own companies is a common practice, often seen as a positive signal to the market.

Stakeholder Impact

• The acquisition could have a slightly positive impact on shareholder sentiment.

Key Dates