BARINGTON COMPANIES MANAGEMENT, LLC 4
4 · EASTERN CO · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Eastern Co (EML) 10% Owner James A. Mitarotonda Buys Stock
What Happened James A. Mitarotonda, a reported 10% owner of Eastern Co (EML), made two open-market purchases of company stock. On 2026-03-06 he bought 5,067 shares at $18.29 each ($92,659), and on 2026-03-09 he bought 2,342 shares at $18.74 each ($43,895). Total purchased: 7,409 shares for approximately $136,554. These were purchases (P), which many retail investors view as a more informative signal than routine sales.
Key Details
- Transaction dates and prices:
- 2026-03-06: 5,067 shares @ $18.29 = $92,659 (open-market purchase)
- 2026-03-09: 2,342 shares @ $18.74 = $43,895 (open-market purchase)
- Total purchased: 7,409 shares for ~$136,554.
- Shares owned after the transactions: Not specified in the provided filing data.
- Footnotes:
- F1: Mitarotonda is the sole stockholder and director of LNA Capital Corp., which is tied through several entities to Barington investors/management (discloses related ownership/control structure).
- F2: The reporting persons disclaim beneficial ownership except to the extent of pecuniary interest.
- Transaction code: P = Purchase (open-market).
- Filing date: Form 4 filed 2026-03-10 covering trades on Mar 6 and Mar 9. No explicit late-filing flag was provided in the supplied data.
Context
- As a reported 10% owner, this filing reflects substantial-owner reporting rather than routine employee/executive trades; that distinction can matter when interpreting intent.
- These were outright purchases (not option exercises, gifts, or awards), so they represent the insider acquiring stock rather than selling or receiving shares for compensation.
Insider Transaction Report
Form 4
EASTERN COEML
MITAROTONDA JAMES A
Director10% Owner
Transactions
- Purchase
Common Shares
[F1][F2]2026-03-06$18.29/sh+5,067$92,659→ 640,000 total(indirect: by Barington Companies Equity Partners, L.P.) - Purchase
Common Shares
[F1][F2]2026-03-09$18.74/sh+2,342$43,895→ 642,342 total(indirect: by Barington Companies Equity Partners, L.P.)
Holdings
- 42,794
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.