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

Director Michael Mardy acquired 774 shares of Eastern Co through the Director's Fees Program on June 17, 2024.

Summary

• On June 17, 2024, Michael J. Mardy, a director of Eastern Co, acquired 774 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 $26.49, which was the share price on June 14, 2024.
• Following the transaction, Mardy's total holdings increased to 11,620 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares through a company program is generally a good sign, indicating confidence in the company's future.

Positives

• The director's participation in the Director's Fees 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 shareholders as it signals confidence from a company director.

Key Dates