Eastern Co director adds shares via buy and grant
Eastern Co director Frederick D. DiSanto increased his stake in the company.
Rhea-AI Filing Summary
Eastern Co director Frederick D. DiSanto increased his stake in the company. He bought 1,000 shares of common stock in an open-market purchase at $21.25 per share and also received 1,068 shares as a grant under The Eastern Company Director's Fee Program, using a share price of $21.40 on June 15, 2026 to determine the number of shares. After these transactions, he holds 105,424 shares directly. Additional indirect holdings include 11,970 shares owned by Ancora Catalyst and 43,797 shares owned by Ancora Merlin, where he may be deemed a beneficial owner for Section16 purposes but disclaims beneficial ownership except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,000 shares
Net Buy
4 txns
Insider
DiSanto Frederick D.
Role
Director
Bought
1,000 shs ($21K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.01 per share | 1,000 | $21.25 | $21K |
| Grant/Award | Common Stock, par value $0.01 per share | 1,068 | $21.40 | $23K |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 105,424 shares (Direct);
Common Stock, par value $0.01 per share — 55,767 shares (Indirect, see footnote)
Footnotes (3)
- F1. 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 Section16. Mr.DiSanto expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F2. 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 Section16. Mr.DiSanto expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F3. 1068 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.
Key Figures
Open-market purchase: 1,000 shares at $21.25
Director fee share grant: 1,068 shares at $21.40
Direct holdings after transactions: 105,424 shares
+3 more
6 metrics
Open-market purchase
1,000 shares at $21.25
Common Stock, transaction code P, June 16, 2026
Director fee share grant
1,068 shares at $21.40
Director's Fee Program, price on June 15, 2026
Direct holdings after transactions
105,424 shares
Common Stock held directly by DiSanto
Indirect holdings via Ancora Catalyst
11,970 shares
Shares owned directly by Ancora Catalyst
Indirect holdings via Ancora Merlin
43,797 shares
Shares owned directly by Ancora Merlin
Net buy shares
1,000 shares
Net open-market buy reported in transaction summary
Key Terms
Director's Fee Program, Rule 16b-3(d), beneficially own, pecuniary interest, +1 more
5 terms
Director's Fee Program financial
"1068 Shares issued under The Eastern Company Director's Fee Program pursuant to rule 16b-3(d)."
Rule 16b-3(d) regulatory
"1068 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.
beneficially own financial
"may be deemed to beneficially own the shares owned directly by Ancora Catalyst, for purposes of Section16."
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
"DiSanto expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein."
Section16 regulatory
"may be deemed to beneficially own the shares owned directly by Ancora Merlin, for purposes of Section16."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did EML director Frederick D. DiSanto report?
Frederick D. DiSanto reported acquiring 1,000 Eastern Co (EML) shares in an open-market purchase at $21.25 per share and receiving 1,068 shares as a director fee grant priced at $21.40, increasing his direct ownership to 105,424 shares.
What indirect Eastern Co (EML) holdings are associated with Frederick D. DiSanto?
Indirect Eastern Co holdings linked to DiSanto include 11,970 shares owned by Ancora Catalyst and 43,797 shares owned by Ancora Merlin. He may be deemed a beneficial owner for Section16 purposes but expressly disclaims beneficial ownership except for his pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
