Form 4: Eastern Co Director James Mitarotonda Reports Share Acquisition and Indirect Holdings

Director James Mitarotonda reports acquiring 1,350 common shares and disclaims beneficial ownership of 630,100 shares held indirectly through Barington Companies Equity Partners, L.P.

Summary

• On March 17, 2025, James A. Mitarotonda, a director of Eastern Co, acquired 1,350 common shares at a price of $26.62 per share.
• These shares were issued under The Eastern Company Director's Fee Program pursuant to rule 16b-3(d).
• Following the transaction, Mitarotonda directly owns 37,954 common shares.
• Mitarotonda also indirectly holds 630,100 common shares through Barington Companies Equity Partners, L.P., but disclaims beneficial ownership except to the extent of pecuniary interest.
• Mitarotonda is the sole stockholder and director of LNA Capital Corp., which is the general partner of Barington Capital Group, L.P.
• Barington Capital Group, L.P. is the majority member of Barington Capital Investors, LLC, which is the general partner of Barington Companies Equity Partners L.P.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't contain information that would strongly indicate positive or negative sentiment.

Positives

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

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the actions of company directors and their holdings in the company.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the director's increased investment in the company.

Key Dates