Eastern Co. (EML) director granted 1,099 shares under board fee program
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MARDY MICHAEL J reported open-market purchase transactions in this Form 4 filing.
Eastern Co. director Michael J. Mardy acquired 1,099 common shares of the company. The shares were issued under The Eastern Company Director's Fee Program pursuant to Rule 16b-3(d), using a share price of $20.93 set on March 13, 2026. Following this compensation-related grant, Mardy directly holds 18,065 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,099 shares ($23,002)
Net Buy
1 txn
Insider
MARDY MICHAEL J
Role
Director
Bought
1,099 shs ($23K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares | 1,099 | $20.93 | $23K |
Holdings After Transaction:
Common Shares — 18,065 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Eastern Co. (EML) director Michael J. Mardy report?
Michael J. Mardy reported acquiring 1,099 Eastern Co. common shares. The shares were issued as part of The Eastern Company Director's Fee Program, meaning this was a compensation-related equity grant rather than a typical open-market stock purchase.
Was the Eastern Co. (EML) Form 4 transaction an open-market purchase?
No, the 1,099 shares were issued under a director fee program. A footnote states the shares were granted pursuant to The Eastern Company Director's Fee Program under Rule 16b-3(d), indicating compensation rather than an open-market buy, despite the Form 4 code showing a purchase.
What is The Eastern Company Director's Fee Program mentioned in the Form 4?
The Eastern Company Director's Fee Program provides shares as director compensation. In this filing, 1,099 shares were issued to director Michael J. Mardy under this program, with the share count based on the $20.93 market price on March 13, 2026.