Form 4: Eastern Co Director Michael Mardy Acquires Additional Shares Through Director's Fees Program

Director Michael Mardy increased his holdings in Eastern Co by acquiring 701 shares through the company's Director's Fees Program.

Summary

• On March 18, 2024, Michael J. Mardy, a director of Eastern Co, acquired 701 common shares of the company.
• The acquisition was made through the Eastern Company Director's Fees Program, as per Rule 16b-3(d).
• The price used to determine the number of shares was $28.52, which was the share price on March 15, 2024.
• Following the transaction, Mardy's total beneficial ownership of Eastern Co shares increased to 10,846 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director increasing their stake in the company is generally a good sign, indicating confidence in the company's prospects. However, the number of shares acquired is relatively small.

Positives

• The director's participation in the Director's Fees Program demonstrates confidence in the company's future.

Industry Context

Director share acquisitions are common and often viewed positively as they align management's interests with those of shareholders.

Related Party Transactions

• The acquisition of shares through the Director's Fees Program is a related party transaction.

Stakeholder Impact

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

Key Dates