Eastern Co director gets 905-share stock grant
Eastern Co director Frederick D. DiSanto received 905 shares as fee-based equity compensation, lifting his directly held position to 106,329 shares.
Rhea-AI Filing Summary
EASTERN CO (EML) reported that director Frederick D. DiSanto received a grant of 905 shares of common stock on September 15, 2026 under The Eastern Company Director's Fee Program, an acquisition exempt under Rule 16b-3(d). The shares were valued using a share price of $25.25, bringing his directly held stake to 106,329 shares. Separate footnote disclosures describe additional shares held indirectly through Ancora Catalyst and Ancora Merlin, with DiSanto disclaiming beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 905 shares
Grant/Award
3 txns
Insider
DiSanto Frederick D.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share F1 | 905 | $25.25 | $23K |
| holding | Common Stock, par value $0.01 per share F2 | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 106,329 shares (Direct);
Common Stock, par value $0.01 per share — 55,767 shares (Indirect, see footnote)
Footnotes (3)
- F1. 905 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 Sept 15, 2026.
- F2. 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 Section 16. Mr. DiSanto expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F3. 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 Section 16. Mr. DiSanto expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Key Figures
Shares granted: 905 shares
Valuation price per share: $25.25 per share
Direct holdings after transaction: 106,329 shares
3 metrics
Shares granted
905 shares
Common stock issued to Frederick D. DiSanto on September 15, 2026
Valuation price per share
$25.25 per share
Price used to determine the number of shares in the September 15, 2026 award
Direct holdings after transaction
106,329 shares
Eastern Co common stock held directly by DiSanto following the award
Key Terms
Rule 16b-3(d), Director's Fee Program, beneficially own, pecuniary interest
4 terms
Rule 16b-3(d) regulatory
"905 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.
Director's Fee Program financial
"905 Shares issued under The Eastern Company Director's Fee Program pursuant to rule 16b-3(d)."
beneficially own regulatory
"may be deemed to beneficially own the shares owned directly by Ancora Catalyst"
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
"expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Eastern Co (EML) director Frederick D. DiSanto report on this Form 4?
He reported an award of 905 shares of Eastern Co common stock on September 15, 2026 under The Eastern Company Director's Fee Program, characterized as a grant or award acquisition exempt under Rule 16b-3(d).
Does this Eastern Co (EML) Form 4 involve a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 trading plan for the reported transactions, and the award is instead described as shares issued under The Eastern Company Director's Fee Program pursuant to Rule 16b-3(d).
Is the reported Eastern Co (EML) transaction a market purchase or sale?
No. The Form 4 describes the event as a grant or award acquisition of 905 shares under a Director's Fee Program, rather than an open-market purchase or sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
