Eastern Company (EML) insider reports stock fee award and 677K+ share stake
Rhea-AI Filing Summary
Eastern Company director reports stock received as fees. A reporting person who is both a director and 10% owner of Eastern Company (EML) acquired 1,839 common shares on December 16, 2025. The shares were issued under The Eastern Company Director's Fee Program, with the number of shares based on the share price on December 15, 2025 at $19.55 per share.
After this transaction, the reporting person directly holds 42,794 common shares and indirectly has beneficial ownership of 634,933 common shares through Barington Companies Equity Partners L.P. The reporting person states that beneficial ownership of the indirectly held shares is disclaimed except to the extent of any pecuniary interest.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares | 1,839 | $19.55 | $36K |
| holding | Common Shares | -- | -- | -- |
Footnotes (1)
- 1,839 Shares issued under The Eastern Company Director's Fee Program pursuant to rule 16b-3(d). The price used to determine the number of shares is the price of the shareson December 15, 2025. The reporting person is the sole stockholder and director of LNA Capital Corp. LNA Capital Corp. is the general partner of Barington Capital Group, L.P., which is the majority member of Barington Companies Investors, LLC ("Barington Investors"). Barington Investors is the general partner of Barington Companies Equity Partners L.P. The reporting person disclaims beneficial ownership of these securities, except to the extent of the pecuniary interests therein, and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of these shares for the purposes of Section 16 or any other purpose.
FAQ
What insider transaction did Eastern Company (EML) disclose in this filing?
The filing shows a director and 10% owner of Eastern Company (EML) acquired 1,839 common shares on December 16, 2025 under the company’s Director's Fee Program.
How is the insider connected to the Barington investment entities holding Eastern Company shares?
The insider is the sole stockholder and director of LNA Capital Corp., which is general partner of Barington Capital Group, L.P., the majority member of Barington Companies Investors, LLC, which is the general partner of Barington Companies Equity Partners L.P.