Form 4: Eastern Co. Director Peggy Scott Acquires Shares Under Fee Program

Eastern Co. Director Peggy Scott has acquired 954 common shares at $23.36 per share as part of the company's Director's Fee Program, increasing her total beneficial ownership to 21,990 shares.

Summary

• Peggy Scott, a Director of The Eastern Company (EML), acquired 954 common shares.
• The transaction occurred on June 17, 2025.
• The shares were acquired at a price of $23.36 per share.
• This 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 based on the share price on June 13, 2025.
• Following this transaction, Ms. Scott beneficially owns 21,990 common shares of The Eastern Company.

Sentiment

Score: 6

Explanation: Slightly positive. While a routine transaction, a director increasing their stake, even through a fee program, generally aligns their interests with shareholders and can be seen as a minor positive signal of confidence.

Positives

• Director Peggy Scott increased her beneficial ownership in The Eastern Company by acquiring 954 common shares, potentially signaling confidence in the company's future.
• The acquisition was part of a pre-established Director's Fee Program, indicating a structured approach to director compensation and alignment of interests.

Future Outlook

NA

Industry Context

This Form 4 filing reports a routine insider transaction, specifically a director's acquisition of shares as part of a compensation program. Such transactions are common across industries and typically reflect pre-approved compensation structures rather than discretionary market purchases, thus having limited broader industry implications.

Corporate Governance

Related Party Transactions

• The acquisition of 954 common shares by Director Peggy Scott from The Eastern Company as part of the Director's Fee Program constitutes a related party transaction.

Stakeholder Impact

• Shareholders: Minor positive impact due to increased alignment of a director's financial interests with the company's performance.

Key Dates

Keywords

SEC Form 4, Insider Transaction, Beneficial Ownership, Director Stock Acquisition, Eastern Company, EML, Corporate Governance, Director Compensation