Form 4: Eastern Co Director Peggy Scott Acquires 750 Shares Through Director's Fees Program

Director Peggy Scott acquired 750 common shares of Eastern Co through the company's Director's Fees Program on June 17, 2024.

Summary

• Peggy Scott, a director of Eastern Co, acquired 750 common shares on June 17, 2024.
• The shares were acquired through The Eastern Company Director's Fees Program pursuant to rule 16b-3(d).
• The price used to determine the number of shares was $26.49 on June 14, 2024.
• Following the transaction, Scott directly owns 18,866 common shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation. There is no indication of significant positive or negative implications.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future.

Industry Context

Director's share acquisitions are common and often tied to compensation plans or personal investment decisions. This transaction is related to director's fees.

Related Party Transactions

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

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a small number of shares acquired by a director.

Key Dates