Eastern Co (EML) director and 10% owner report $20.14 share purchase
Rhea-AI Filing Summary
EASTERN CO (EML) reporting person James A. Mitarotonda and affiliated Barington entities reported buying 2,433 common shares on December 12, 2025 at an average price of $20.1384 per share, through multiple trades priced between $20.10 and $20.20. After this transaction, Barington Companies Equity Partners, L.P. reports beneficial ownership of 634,933 Eastern Co shares held indirectly, and an additional 40,955 shares are reported as held directly. The filing identifies the group as a director and 10% owner of Eastern Co and describes a layered ownership structure linking Mitarotonda and several Barington entities. The reporting persons state that they disclaim beneficial ownership of these securities except to the extent of their pecuniary interests.
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FAQ
What insider transaction did Eastern Co (EML) report in this Form 4?
The filing reports that 2,433 Eastern Co common shares were purchased on December 12, 2025 at an average price of $20.1384 per share.
Who is James A. Mitarotonda in relation to Eastern Co (EML)?
James A. Mitarotonda is a reporting person identified as a director and 10% owner of Eastern Co, acting through various affiliated Barington entities.
How many Eastern Co (EML) shares are beneficially owned after the reported trade?
After the transaction, 634,933 shares are reported as beneficially owned indirectly by Barington Companies Equity Partners, L.P., and 40,955 shares are reported as held directly.
At what prices were the Eastern Co (EML) shares acquired?
The 2,433 shares were acquired through multiple transactions with prices in the range of $20.10 to $20.20 per share, giving an average price of $20.1384.
Do the reporting persons claim full beneficial ownership of all reported Eastern Co (EML) shares?
No. The reporting persons state that they disclaim beneficial ownership of the securities, except to the extent of their pecuniary interests in the shares.
What entities are involved in the Eastern Co (EML) share ownership structure?
The explanation describes a chain involving LNA Capital Corp., Barington Capital Group, L.P., Barington Companies Investors, LLC, Barington Companies Equity Partners L.P., and Barington Companies Management, LLC as investment adviser.