Form 4: Eastern Co Director John Everets Acquires Additional Shares Through Fee Program
SEC Form 4
Director John Everets acquired 696 shares of Eastern Co through the company's Director's Fee Program on March 18, 2024.
Summary
- On March 18, 2024, John Everets, a director of Eastern Co, acquired 696 common shares of the company.
- The acquisition was made through The Eastern Company Director's Fee Program pursuant to rule 16b-3(d).
- The price used to determine the number of shares was $28.52, the price of the shares on March 15, 2024.
- Following the transaction, Everets beneficially owns 132,653 shares of Eastern Co.
Sentiment
Score: 7
Explanation: Routine director share acquisition, indicating confidence. No negative indicators.
Positives
- The director's participation in the Director's Fee Program demonstrates confidence in the company.
Industry Context
Director share acquisitions are common and often viewed positively as they align management's interests with those of shareholders.
Stakeholder Impact
- The acquisition could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date used to determine the share price for the acquisition ($28.52). |
| 03/18/2024 | Date of the share acquisition by John Everets. |
| 03/19/2024 | Date of signature for the SEC Form 4 filing. |
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