Eastern Co (EML) Director Receives 1,122 Shares Under Fee Program

Rhea-AI Filing Summary

John W. Everets, a director of The Eastern Company (EML), reported acquiring 1,122 common shares under the company’s Director's Fee Program on a 09/17/2025 Form 4 filing. The number of shares was determined using the September 15, 2025 share price and the transaction is recorded at $24.98 per share. After the issuance, Mr. Everets beneficially owns 138,420 shares in a direct capacity. The filing is a routine Section 16 disclosure showing compensation-paid-in-equity to a director.

Positive

• Director compensation paid in shares aligns management interests with shareholders
• Timely, compliant Section 16 filing signed by the reporting person on 09/17/2025

Negative

• Issuance of shares causes minor dilution to existing shareholders

Insights

Financial Analyst

TL;DR: Routine director equity issuance; small purchase relative to total holdings, limited immediate impact on valuation.

The Form 4 documents a non-derivative issuance of 1,122 common shares to a director under the Director's Fee Program. At a recorded price of $24.98, this represents a modest equity grant and leaves the director with 138,420 shares outstanding beneficially. For investors, this is a routine compensation-related issuance rather than a signal of operational change or material insider accumulation or disposition.

Corporate Governance Expert

TL;DR: Standard governance practice: director fees paid in stock align incentives but create minor dilution.

The filing indicates compensation in stock governed by rule 16b-3(d), which is common for aligning director incentives with shareholders. The disclosure is timely and signed. There is no indication of related-party transactions beyond standard director compensation and no amendments or complex derivative instruments disclosed.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

EVERETS JOHN

(Last) (First) (Middle)

3 ENTERPRISE DRIVE

SUITE 408

(Street)

SHELTON CT 06484

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EASTERN CO [ EML ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares(1)	09/17/2025		A		1,122	A	$24.98	138,420	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 1,122 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 shares on September 15, 2025.

	/s/John W. Everets	09/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction was reported for Eastern Company (EML) on this Form 4?

The Form 4 reports that director John W. Everets was issued 1,122 common shares under the Director's Fee Program, reported on 09/17/2025.

What price was used to determine the number of shares issued to the director?

The filing states the September 15, 2025 share price was used and the reported price is $24.98 per share.

How many shares does the reporting person beneficially own after the transaction?

After the reported issuance, John W. Everets beneficially owns 138,420 shares directly.

Was the Form 4 filing submitted by an individual or jointly?

The document indicates the form was filed by one reporting person (individual filing).

Under what program were the shares issued?

The shares were issued under The Eastern Company Director's Fee Program pursuant to rule 16b-3(d).