Barington entity linked to Eastern Co. (NASDAQ: EML) director buys more shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eastern Co. insider entities linked to director and 10% owner James A. Mitarotonda reported open-market purchases of the company’s common shares. Barington Companies Equity Partners L.P. bought 3,736 shares at $21.7266 per share and 1,922 shares at $21.5769 per share, for a net purchase of 5,658 shares. Following these transactions, one reporting person holds 44,511 common shares directly, while Barington Companies Equity Partners L.P. is shown with indirect holdings of 650,000 and then 646,264 common shares. The reporting persons disclaim beneficial ownership of these securities except to the extent of their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,658 shares ($122,641)
Net Buy
3 txns
Insider
MITAROTONDA JAMES A, BARINGTON COMPANIES EQUITY PARTNERS L P, BARINGTON COMPANIES MANAGEMENT, LLC
Role
null | null | null
Bought
5,658 shs ($123K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares | 1,922 | $21.5769 | $41K |
| Purchase | Common Shares | 3,736 | $21.7266 | $81K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 646,264 shares (Indirect, by Barington Companies Equity Partners L.P.);
Common Shares — 44,511 shares (Direct, null)
Footnotes (1)
- James A. Mitarotonda 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. Barington Companies Management, LLC is the investment adviser to Barington Companies Equity Partners L.P. Each of the reporting persons 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 each of the reporting persons is the beneficial owner of these shares for the purposes of Section 16 or any other purpose.
Key Figures
Open-market purchase 1: 3,736 shares at $21.7266
Open-market purchase 2: 1,922 shares at $21.5769
Net shares bought: 5,658 shares
+3 more
6 metrics
Open-market purchase 1
3,736 shares at $21.7266
Common shares bought by Barington Companies Equity Partners L.P.
Open-market purchase 2
1,922 shares at $21.5769
Common shares bought by Barington Companies Equity Partners L.P.
Net shares bought
5,658 shares
Total net buy across reported open-market purchases
Direct holdings
44,511 shares
Common shares held directly by a reporting person after transactions
Indirect holdings (line 1)
650,000 shares
Common shares indirectly held by Barington Companies Equity Partners L.P.
Indirect holdings (line 2)
646,264 shares
Common shares indirectly held by Barington Companies Equity Partners L.P.
Key Terms
open-market purchase, beneficial ownership, investment adviser, pecuniary interests, +1 more
5 terms
open-market purchase financial
"transaction_action: open-market purchase"
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.
beneficial ownership financial
"disclaims beneficial ownership of these securities, except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
investment adviser financial
"Barington Companies Management, LLC is the investment adviser"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
pecuniary interests financial
"except to the extent of the pecuniary interests therein"
indirect ownership financial
"ownership_type: indirect, nature_of_ownership: by Barington Companies Equity Partners L.P."
