Barington fund buys 7,409 Eastern Co. shares
Eastern Co. reported insider-related buying of its common shares through an affiliated investment fund.
Rhea-AI Filing Summary
Eastern Co. reported insider-related buying of its common shares through an affiliated investment fund. Barington Companies Equity Partners L.P., an entity associated with director and large shareholder James A. Mitarotonda, made open‑market purchases of 5,067 shares at $18.2867 per share and 2,342 shares at $18.7426 per share. After these trades, the fund’s indirect holdings reached 642,342 common shares, while Mitarotonda also holds 42,794 shares directly. The reporting persons disclaim beneficial ownership of these securities beyond their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares | 2,342 | $18.7426 | $44K |
| Purchase | Common Shares | 5,067 | $18.2867 | $93K |
| holding | Common Shares | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. 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
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What insider activity did Eastern Co. (EML) report in this Form 4?
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Who is James A. Mitarotonda in relation to Eastern Co. (EML)?
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