Form 4: Eastern Co Director Peggy Scott Acquires Shares Under Director's Fee Program
SEC Form 4
Director Peggy Scott acquired 837 shares of Eastern Co (EML) under the company's Director's Fee Program on March 17, 2025.
Summary
- Peggy Scott, a director of Eastern Co (EML), acquired 837 shares of common stock on March 17, 2025.
- The shares were acquired 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, the price of the shares on March 14, 2025.
- Following the transaction, Scott directly owns 21,036 shares of Eastern Co.
Sentiment
Score: 7
Explanation: Director's share acquisition is generally a positive signal, indicating confidence in the company's prospects. The transaction is part of a pre-existing compensation plan, reducing the impact of the announcement.
Positives
- The director's acquisition of shares demonstrates confidence in the company.
Industry Context
Directors acquiring shares in their own companies is generally viewed positively by the market, as it aligns their interests with those of other shareholders.
Stakeholder Impact
- The share acquisition could have a slightly 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 ($26.62). |
| 03/17/2025 | Date of transaction: Peggy Scott acquired 837 shares of Eastern Co. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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