Eastern Co (EML) director DiSanto adds 2,000 shares in open-market buys
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eastern Co. director Frederick D. DiSanto increased his stake through open-market buying. On June 11 and June 12, he purchased 1,000 shares of Eastern Co. common stock on each date at $21.25 and $20.96 per share. Following these transactions, his directly held position rose to 103,356 shares. The filing also lists 11,970 shares and 43,797 shares held indirectly through Ancora Catalyst and Ancora Merlin, entities affiliated with him. He may be deemed to beneficially own those shares for Section 16 purposes but expressly disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,000 shares ($42,210)
Net Buy
4 txns
Insider
DiSanto Frederick D.
Role
null
Bought
2,000 shs ($42K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.01 per share | 1,000 | $20.96 | $21K |
| Purchase | Common Stock, par value $0.01 per share | 1,000 | $21.25 | $21K |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 103,356 shares (Direct, null);
Common Stock, par value $0.01 per share — 43,797 shares (Indirect, see footnote)
Footnotes (1)
- Shares owned directly by Ancora Catalyst. Mr. DiSanto, solely by virtue of his position as the Chairman and Chief Executive Officer of Ancora Holdings, the sole member of Ancora Alternatives, the General Partner of Ancora Catalyst, may be deemed to beneficially own the shares owned directly by Ancora Catalyst, for purposes of Section16. Mr.DiSanto expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. Shares owned directly by Ancora Merlin. Mr. DiSanto, solely by virtue of his position as the Chairman and Chief Executive Officer of Ancora Holdings, the sole member of Ancora Alternatives, the General Partner of Ancora Merlin, may be deemed to beneficially own the shares owned directly by Ancora Merlin, for purposes of Section16. Mr.DiSanto expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Key Figures
Shares bought June 12: 1,000 shares at $20.96
Shares bought June 11: 1,000 shares at $21.25
Direct holdings after trades: 103,356 shares
+3 more
6 metrics
Shares bought June 12
1,000 shares at $20.96
Open-market purchase of common stock on June 12
Shares bought June 11
1,000 shares at $21.25
Open-market purchase of common stock on June 11
Direct holdings after trades
103,356 shares
Common stock directly owned following June 12 purchase
Indirect holdings via Ancora Catalyst
11,970 shares
Shares owned directly by Ancora Catalyst
Indirect holdings via Ancora Merlin
43,797 shares
Shares owned directly by Ancora Merlin
Net buy shares
2,000 shares
Net buy direction in transaction summary
Key Terms
open-market purchase, beneficially own, pecuniary interest, Section16, +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.
beneficially own financial
"may be deemed to beneficially own the shares owned directly"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein"
Section16 regulatory
"may be deemed to beneficially own the shares ... for purposes of Section16"
indirect financial
"ownership_type: indirect"
FAQ
What insider transactions did Eastern Co (EML) director Frederick D. DiSanto report?
Frederick D. DiSanto reported two open-market purchases of Eastern Co common stock, buying 1,000 shares on June 11 at $21.25 per share and 1,000 shares on June 12 at $20.96 per share, increasing his directly held stake.
Were there any insider sales of Eastern Co (EML) stock reported in this Form 4?
No insider sales were reported. The Form 4 transaction summary shows two open-market purchases totaling 2,000 shares and no reported sales. Other entries in the filing relate to indirect holdings and do not reflect buy or sell transactions of Eastern Co common stock.