Form 4: Eastern Co. Director Michael J. Mardy Acquires Shares Through Fee Program

Director Michael J. Mardy acquired 707 shares of Eastern Co. stock through the company's Director's Fee Program.

Summary

• Michael J. Mardy, a director at Eastern Co., acquired 707 common shares.
• The shares were acquired through the company's Director's Fee Program.
• The transaction occurred on December 16, 2024.
• The price used to determine the number of shares was $28.99, which was the price of the shares on December 13, 2024.
• Following the transaction, Mr. Mardy directly owns 12,995 shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, which is generally neutral to positive as it shows director alignment with company performance.

Positives

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

Industry Context

This is a routine transaction related to director compensation and is not indicative of any broader industry trends.

Comparison to Industry Standards

• Director share acquisitions through fee programs are a common practice in publicly traded companies.
• The number of shares acquired is relatively small and is typical for director compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.

Key Dates

Keywords

Eastern Co, Director, Share Acquisition, Director's Fee Program, Insider Trading, EML