EML Form 4: Frederick DiSanto Adds 5,000 Shares, Holdings Rise to 87,449
Rhea-AI Filing Summary
Insider purchases by Eastern Co. director Frederick D. DiSanto — The Form 4 shows Mr. DiSanto reported multiple open-market purchases of Eastern Co. (EML) common stock in August 2025. He acquired 1,000 shares on 08/15/2025 at $23.00, 3,000 shares on 08/18/2025 at $22.58, and 1,000 shares on 08/19/2025 at $22.83, increasing his reported direct holdings to 87,449 shares. The filing also discloses indirect holdings of 43,797 shares and 11,970 shares held directly by Ancora Catalyst and Ancora Merlin, respectively, which Mr. DiSanto may be deemed to beneficially own by virtue of his positions, though he disclaims beneficial ownership except for pecuniary interest.
Positive
- Director purchases of 5,000 shares in August 2025 (1,000 on 08/15 at $23.00; 3,000 on 08/18 at $22.58; 1,000 on 08/19 at $22.83)
- Increased direct holdings to 87,449 shares following reported transactions
- Transparent disclosure of indirect holdings held by Ancora Catalyst (43,797 shares) and Ancora Merlin (11,970 shares) with explicit disclaimers
Negative
- None.
Insights
TL;DR: Director purchased 5,000 EML shares across three trades in August 2025; holdings modestly increased to 87,449 shares.
The transactions are straightforward open-market purchases totaling 5,000 common shares at average prices between $22.58 and $23.00. For investors, director buying can signal confidence but the filing contains no information on total share count outstanding or relative stake size, so the market impact is likely limited absent larger context.
TL;DR: Beneficial ownership disclosures note indirect holdings via Ancora entities; disclosure and disclaimers conform to Section 16 conventions.
The Form 4 properly lists direct acquisitions and explains that Ancora Catalyst and Ancora Merlin hold additional shares that Mr. DiSanto may be deemed to beneficially own due to his corporate roles, while explicitly disclaiming beneficial ownership except for pecuniary interest. This is consistent with typical disclosure practice for executives affiliated with investment entities.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.01 per share | 1,000 | $22.83 | $23K |
| Purchase | Common Stock, par value $0.01 per share | 3,000 | $22.58 | $68K |
| Purchase | Common Stock, par value $0.01 per share | 1,000 | $23.00 | $23K |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Footnotes (1)
- 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. 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 ofSection16.Mr.DiSanto expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
