Eastern director gets 1,679 shares as fees
MITAROTONDA JAMES A reported open-market purchase transactions in this Form 4 filing.
Rhea-AI Filing Summary
MITAROTONDA JAMES A reported open-market purchase transactions in this Form 4 filing.
Eastern Co director James A. Mitarotonda received 1,679 common shares under The Eastern Company Director's Fee Program, with the share count based on a $21.40 price on June 15, 2026. This brings his direct holdings to 46,190 common shares.
In addition, 650,000 common shares are held indirectly through Barington Companies Equity Partners, L.P. The filing explains a multi-entity structure linking this partnership to Mitarotonda and states that he disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,679 shares
Net Buy
2 txns
Insider
MITAROTONDA JAMES A
Role
Director, 10% Owner
Bought
1,679 shs ($36K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares | 1,679 | $21.40 | $36K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 46,190 shares (Direct);
Common Shares — 650,000 shares (Indirect, By Barington Companies Equity Partners, L.P.)
Footnotes (3)
- F1. 1,679 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 June 15, 2026.
- F2. The reporting person 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.
- F3. The reporting person 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 the reporting person is the beneficial owner of these shares for the purposes of Section 16 or any other purpose.
Key Figures
Shares issued as director fees: 1,679 shares
Price used for fee share calculation: $21.40 per share
Direct holdings after transaction: 46,190 shares
+2 more
5 metrics
Shares issued as director fees
1,679 shares
Issued under The Eastern Company Director's Fee Program
Price used for fee share calculation
$21.40 per share
Price of Eastern Co shares on June 15, 2026
Direct holdings after transaction
46,190 shares
Common shares directly held by James A. Mitarotonda
Indirectly held shares via partnership
650,000 shares
Common shares held by Barington Companies Equity Partners, L.P.
Net buy shares in this filing
1,679 shares
Net buy direction per transaction summary
Key Terms
Director's Fee Program, rule 16b-3(d), pecuniary interests, beneficial ownership, +1 more
5 terms
Director's Fee Program financial
"1,679 Shares issued under The Eastern Company Director's Fee Program pursuant to rule 16b-3(d)."
rule 16b-3(d) regulatory
"Shares issued under The Eastern Company Director's Fee Program pursuant to rule 16b-3(d)."
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
pecuniary interests financial
"disclaims beneficial ownership of these securities, except to the extent of the pecuniary interests therein"
beneficial ownership regulatory
"shall not be deemed to be an admission that the reporting person is the beneficial owner of these shares"
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.
general partner financial
"LNA Capital Corp. is the general partner of Barington Capital Group, L.P."
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Eastern Co (EML) report for James A. Mitarotonda?
Eastern Co reported that director James A. Mitarotonda received 1,679 common shares. These shares were issued as compensation under The Eastern Company Director's Fee Program, rather than an open-market purchase, and are treated as an acquisition of stock.
What indirect Eastern Co (EML) holdings are associated with James A. Mitarotonda?
The filing shows 650,000 common shares held indirectly through Barington Companies Equity Partners, L.P. Footnotes describe a chain of entities connecting Mitarotonda to this partnership, while also stating that he disclaims beneficial ownership beyond his pecuniary interest.
What is the significance of the beneficial ownership disclaimer in the Eastern Co (EML) Form 4?
The Form 4 states that Mitarotonda disclaims beneficial ownership of the indirectly held shares, except for his pecuniary interest. This language limits how those 650,000 partnership-held shares are attributed to him for Section 16 and other legal purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
