Form 4: Eastern Co Director Peggy Scott Acquires Shares Under Director's Fees Program
SEC Form 4
Director Peggy Scott acquired 697 shares of Eastern Co under the Director's Fees Program on March 18, 2024.
Summary
- Peggy Scott, a director of Eastern Co, acquired 697 common shares on March 18, 2024.
- The shares were acquired under The Eastern Company Director's Fees Program pursuant to rule 16b-3(d).
- The price used to determine the number of shares was $28.52 on March 15, 2024.
- Following the transaction, Scott directly owns 18,116 common shares.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a routine transaction under the Director's Fees Program.
Positives
- 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 transaction could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Price of shares used to determine the number of shares acquired under the Director's Fees Program. |
| 03/18/2024 | Date of transaction: acquisition of 697 common shares. |
| 03/19/2024 | Date of signature on the Form 4. |
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