Eastern Co. (EML) director DiSanto buys 288 shares in open-market trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eastern Co. director Frederick D. DiSanto reported an open-market purchase of 288 shares of common stock at $21.50 per share. After this buy, he directly holds 101,356 shares. The filing also shows indirect holdings of 11,970 shares by Ancora Catalyst and 43,797 shares by Ancora Merlin, where Mr. DiSanto may be deemed a beneficial owner for Section 16 purposes but expressly disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 288 shares ($6,192)
Net Buy
3 txns
Insider
DiSanto Frederick D.
Role
null
Bought
288 shs ($6K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.01 per share | 288 | $21.50 | $6K |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 101,356 shares (Direct, null);
Common Stock, par value $0.01 per share — 43,797 shares (Indirect, see footnote)
Footnotes (1)
- Shares owned directly by Ancora Catalyst. Mr. DiSanto, solely by virtue of his position as the Chairman and Chief Executive Officer of Ancora Holdings, the sole member of Ancora Alternatives, the General Partner of Ancora Catalyst, may be deemed to beneficially own the shares owned directly by Ancora Catalyst, for purposes of Section16. Mr.DiSanto expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. Shares owned directly by Ancora Merlin. Mr. DiSanto, solely by virtue of his position as the Chairman and Chief Executive Officer of Ancora Holdings, the sole member of Ancora Alternatives, the General Partner of Ancora Merlin, may be deemed to beneficially own the shares owned directly by Ancora Merlin, for purposes of Section16. Mr.DiSanto expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Key Figures
Shares purchased: 288 shares
Purchase price: $21.50 per share
Direct holdings after transaction: 101,356 shares
+2 more
5 metrics
Shares purchased
288 shares
Open-market purchase on June 5, 2026
Purchase price
$21.50 per share
Price for 288-share open-market buy
Direct holdings after transaction
101,356 shares
Common stock directly owned following purchase
Indirect holdings via Ancora Catalyst
11,970 shares
Shares owned directly by Ancora Catalyst
Indirect holdings via Ancora Merlin
43,797 shares
Shares owned directly by Ancora Merlin
Key Terms
open-market purchase, indirect ownership, beneficially own, pecuniary interest
4 terms
open-market purchase financial
"Purchase in open market or private transaction"
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.
indirect ownership financial
"direct_or_indirect": "I", "nature_of_ownership": "see footnote""
beneficially own financial
"may be deemed to beneficially own the shares owned directly by Ancora Catalyst"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein"
FAQ
What insider activity did EML director Frederick D. DiSanto report?
Frederick D. DiSanto reported buying 288 shares of Eastern Co. common stock in an open-market transaction at $21.50 per share. This updated his direct holdings and complements additional indirect interests held through Ancora-related investment entities.
What indirect Eastern Co. (EML) holdings are associated with DiSanto?
The Form 4 lists 11,970 shares held by Ancora Catalyst and 43,797 shares held by Ancora Merlin. DiSanto may be deemed a beneficial owner for Section 16 purposes through his leadership roles, but he expressly disclaims beneficial ownership beyond any pecuniary interest.
Was DiSanto’s Eastern Co. (EML) transaction a purchase or sale?
The reported transaction was a purchase. The Form 4 uses transaction code “P” and describes it as an open-market purchase of 288 shares at $21.50 per share, increasing his directly held Eastern Co. share count.