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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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.
What price was used to determine the 1,839 Eastern Company shares issued?
The 1,839 shares were calculated using the $19.55 share price of Eastern Company common stock on December 15, 2025.
How many Eastern Company shares does the insider own directly after this transaction?
Following the reported transaction, the insider directly owns 42,794 Eastern Company common shares.
How many Eastern Company shares are indirectly beneficially owned through Barington entities?
The filing reports 634,933 Eastern Company common shares indirectly beneficially owned through Barington Companies Equity Partners L.P.
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.
Does the insider claim full beneficial ownership of the indirectly held Eastern Company shares?
No. The insider disclaims beneficial ownership of the indirectly held shares except to the extent of any pecuniary interest, and states that this should not be taken as an admission of beneficial ownership.