[Form 4] EASTERN CO Insider Trading Activity
Galbato Chan, a director of Eastern Company (EML), reported the purchase of 806 common shares on 09/17/2025 under the company’s Director's Fee Program pursuant to Rule 16b-3(d). The filing shows a price used to determine the number of shares of $24.98 (based on the September 15, 2025 price) and lists 1,236 shares beneficially owned following the transaction. The form is filed individually by the reporting person and records the ownership as direct. No derivative transactions or amendments are indicated in the filing.
- Director acquisition disclosed: 806 common shares acquired under the Director's Fee Program on 09/17/2025
- Clear compliance: Form 4 filed individually and identifies the transaction as direct ownership
- Price transparency: Price used to determine shares disclosed as $24.98 based on 09/15/2025
- None.
Insights
TL;DR: Director purchased 806 shares at a reference price of $24.98, raising direct holdings to 1,236 shares.
The Form 4 documents a routine issuance of common shares to a director under the company’s Director's Fee Program, executed 09/17/2025 and valued using the market price on 09/15/2025. This is a straightforward, non-derivative acquisition recorded as direct ownership and filed by one reporting person. The transaction appears administrative in nature (compensation settled in stock) rather than a market-driven open-market purchase.
TL;DR: A director received shares as director compensation; disclosure aligns with Rule 16 reporting requirements.
The filing shows compliance with Section 16 reporting: the director discloses receipt of 806 shares under the Director's Fee Program and identifies ownership as direct. The explanation cites Rule 16b-3(d), indicating the transfer relates to board compensation. The document contains no indications of related-party conflict, derivative activity, or amendments to prior reports.