Form 4: Eastern Co Director Michael Mardy Acquires Shares Under Director's Fee Program
SEC Form 4 Filing
Director Michael Mardy acquired 864 common shares of Eastern Co under the Director's Fee Program on March 17, 2025.
Summary
- Michael Mardy, a director of Eastern Co, acquired 864 common shares on March 17, 2025.
- The shares were issued under The Eastern Company Director's Fee Program pursuant to rule 16b-3(d).
- The price used to determine the number of shares was $26.62 on March 14, 2025.
- Following the transaction, Mardy beneficially owns 13,859 common shares.
Sentiment
Score: 7
Explanation: Routine director share acquisition under a pre-existing program is generally viewed neutrally to slightly positively as it shows alignment with shareholder interests.
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 transaction may have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Price of shares used to determine the number of shares issued under the Director's Fee Program. |
| 03/17/2025 | Date of transaction: Michael Mardy acquired 864 common shares. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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