Form 4: Eastern Co Director Michael Mardy Acquires Shares Under Director's Fee Program

Director Michael Mardy acquired 668 common shares of Eastern Co (EML) under the company's Director's Fee Program on September 16, 2024.

Summary

• On September 16, 2024, Michael J. Mardy, a director of Eastern Co (EML), acquired 668 common shares.
• The acquisition was made under The Eastern Company Director's Fee Program pursuant to Rule 16b-3(d).
• The price used to determine the number of shares was $31.46 on September 13, 2024.
• Following the transaction, Mardy beneficially owns 12,288 common shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares signals confidence, but the amount is relatively small and part of a pre-existing program.

Positives

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

Industry Context

Directors acquiring shares in their own companies is generally viewed positively, as it aligns their interests with those of shareholders.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders due to the director's increased stake in the company.

Key Dates