Eastern Co (EML) director awarded 989 common shares in fee program
Rhea-AI Filing Summary
HENRY CHARLES W reported open-market purchase transactions in this Form 4 filing.
Eastern Co director Henry Charles W acquired 989 common shares of Eastern Co through The Eastern Company Director's Fee Program. The shares were valued using the share price of $20.93 on March 13, 2026. After this compensation grant, he directly holds 79,194 common shares and indirectly holds 1,000 shares in the Donald W. Henry Trust and 1,000 shares in the Jean V.S. Henry Trust, where he serves as trustee and beneficiary.
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FAQ
What insider transaction did Eastern Co (EML) director Henry Charles W report?
Director Henry Charles W reported acquiring 989 common shares of Eastern Co. These shares were issued as part of The Eastern Company Director's Fee Program, rather than through an open-market purchase, and were valued using a share price of $20.93.
At what price were the 989 Eastern Co (EML) shares for Henry Charles W determined?
The 989 shares issued to Henry Charles W were valued using a share price of $20.93 per share. The price was based on Eastern Co’s share price on March 13, 2026, as specified in the director fee program footnote.
How many Eastern Co (EML) shares does Henry Charles W hold after this Form 4?
After the reported transaction, Henry Charles W directly holds 79,194 common shares of Eastern Co. In addition, he indirectly holds 1,000 shares in the Donald W. Henry Trust and 1,000 shares in the Jean V.S. Henry Trust.
Was Henry Charles W’s Eastern Co (EML) share acquisition an open-market purchase?
No, the 989 shares were issued under The Eastern Company Director's Fee Program. A footnote explains they were granted as director compensation, with the number of shares determined using the share price on March 13, 2026, not bought in the open market.
What is the nature of Henry Charles W’s indirect Eastern Co (EML) holdings?
Henry Charles W’s indirect holdings consist of 1,000 shares in the “Donald W. Henry Trust” and 1,000 shares in the “Jean V.S. Henry Trust.” He is both beneficiary and trustee of each trust, according to the Form 4 footnotes.