Director John Everets receives 1,310 Eastern Co (EML) shares as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EVERETS JOHN reported open-market purchase transactions in this Form 4 filing.
EASTERN CO director John Everets acquired 1,310 common shares of EML as equity compensation. The shares were issued under The Eastern Company Director's Fee Program pursuant to Rule 16b-3(d) at a reference price of $21.40 per share. Following this issuance, Everets directly holds 142,504 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,310 shares ($28,034)
Net Buy
1 txn
Insider
EVERETS JOHN
Role
null
Bought
1,310 shs ($28K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares | 1,310 | $21.40 | $28K |
Holdings After Transaction:
Common Shares — 142,504 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 1,310 shares
Reference price: $21.40 per share
Total holdings after: 142,504 shares
+1 more
4 metrics
Shares acquired
1,310 shares
Common shares issued under Director's Fee Program
Reference price
$21.40 per share
Price on June 15, 2026 used to determine share count
Total holdings after
142,504 shares
Direct ownership following the reported issuance
Net share change
1,310 shares
Net buy direction in transaction summary
Key Terms
Director's Fee Program, Rule 16b-3(d), open-market purchase, non-derivative
4 terms
Director's Fee Program financial
"1,310 Shares issued under The Eastern Company Director's Fee Program pursuant to rule 16b-3(d)."
Rule 16b-3(d) regulatory
"issued under The Eastern Company Director's Fee Program pursuant to rule 16b-3(d)."
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
open-market purchase financial
"transaction_action: open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
non-derivative financial
"transaction_type: non-derivative"
FAQ
What did EASTERN CO (EML) director John Everets report in this Form 4?
John Everets reported receiving 1,310 EASTERN CO common shares. These shares were issued as part of The Eastern Company Director's Fee Program, increasing his direct holdings to 142,504 shares after the transaction.
Was the EASTERN CO (EML) Form 4 transaction an open-market purchase?
The transaction is coded as a purchase, but the footnote states the 1,310 shares were issued under The Eastern Company Director's Fee Program pursuant to Rule 16b-3(d), indicating compensation rather than a discretionary open-market buy.
What is The Eastern Company Director's Fee Program mentioned in the Form 4?
The Eastern Company Director's Fee Program is referenced as the mechanism under which 1,310 shares were issued to John Everets. The footnote states the issuance was made pursuant to Rule 16b-3(d), indicating a structured director compensation arrangement.