Eastern Co. (EML) affiliated fund purchases 2,000 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eastern Co. insider group associated with James A. Mitarotonda reported an open-market purchase of 2,000 Common Shares at $20.1087 per share on March 18, 2026. The shares were acquired indirectly through Barington Companies Equity Partners L.P., which now holds 644,342 Common Shares after the transaction.
Mitarotonda is a director and ten percent owner, and he also reports a separate direct holding of 44,511 Common Shares. The footnotes state that each reporting person disclaims beneficial ownership except to the extent of their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,000 shares ($40,217)
Net Buy
2 txns
Insider
MITAROTONDA JAMES A, BARINGTON COMPANIES EQUITY PARTNERS L P, BARINGTON COMPANIES MANAGEMENT, LLC
Role
Director, 10% Owner | 10% Owner | Insider
Bought
2,000 shs ($40K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares | 2,000 | $20.1087 | $40K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 644,342 shares (Indirect, by Barington Companies Equity Partners L.P.);
Common Shares — 44,511 shares (Direct)
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.
FAQ
What insider transaction did Eastern Co. (EML) report on March 18, 2026?
Eastern Co. reported an open-market purchase of 2,000 Common Shares at $20.1087 per share on March 18, 2026. The transaction was executed indirectly through Barington Companies Equity Partners L.P., an entity associated with director and ten percent owner James A. Mitarotonda.
What are James A. Mitarotonda’s reported direct holdings in Eastern Co. (EML)?
The filing shows James A. Mitarotonda directly holding 44,511 Eastern Co. Common Shares. This direct position is in addition to the larger indirect stake reported through Barington Companies Equity Partners L.P. and related entities described in the ownership structure footnotes.
Does the Eastern Co. (EML) Form 4 claim full beneficial ownership for the reporting persons?
No. The Form 4 explicitly states each reporting person disclaims beneficial ownership of the securities, except to the extent of their pecuniary interest. The language clarifies that the filing should not be viewed as an admission of beneficial ownership for Section 16 or other purposes.