DiSanto Frederick D. 4
Research Summary
AI-generated summary
Eastern Co (EML) Director Frederick DiSanto Buys 101 Shares
What Happened
Frederick D. DiSanto, a director of Eastern Co (EML), made an open-market purchase of 101 common shares on March 10, 2026 at $18.99 per share, for a total of approximately $1,918. The Form 4 reports this as a purchase (transaction code P).
Key Details
- Transaction date: 2026-03-10; Filing date (Form 4): 2026-03-11 (appears timely).
- Price: $18.99 per share; Shares acquired: 101; Total value: ~$1,918.
- Method: Open market purchase (no 10b5-1 plan or other special instructions disclosed).
- Shares owned after the transaction: not specified in the filing.
- Footnotes: Two institutional holdings are noted — shares held directly by Ancora Catalyst and Ancora Merlin. DiSanto, by virtue of his executive role at Ancora Holdings (the sole member of the relevant GP entity), may be deemed to beneficially own those entity-held shares for Section 16 purposes, though he disclaims beneficial ownership except to the extent of any pecuniary interest.
Context
This is a small, direct purchase (about $1.9k) and is factual evidence of an insider buying stock, which some investors view as more informative than routine sells. It does not indicate motive, and the filing shows no exercise, award, gift, or tax-withholding event.