Barington affiliate buys Eastern Co. shares
Eastern Co. insider entities linked to director and 10% owner James A. Mitarotonda reported open-market purchases of the company’s common shares.
Sentiment and the balance of points
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares | 1,922 | $21.5769 | $41K |
| Purchase | Common Shares | 3,736 | $21.7266 | $81K |
| Holding | Common Shares | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. 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
Key Terms
open-market purchase financial
beneficial ownership financial
investment adviser financial
pecuniary interests financial
indirect ownership financial
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