DiSanto Frederick D. 4

What Happened

• Frederick D. DiSanto, a director of Eastern Company (EML), received 1,065 shares as an award under the company's Director's Fee Program on March 16, 2026. The shares were valued at $20.93 each, for a total grant value of approximately $22,290. This was an award/acquisition (code A), i.e., compensation to a director rather than an open-market purchase or sale.

Key Details

• Transaction date: March 16, 2026 (grant issued). Price used to calculate shares: $20.93 (per footnote, based on the March 13, 2026 share price).
• Shares received: 1,065; total value ≈ $22,290.
• Filing: Form 4 filed March 17, 2026 (appears timely, one day after the transaction).
• Post-transaction holdings: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Shares issued under The Eastern Company Director's Fee Program pursuant to Rule 16b-3(d); the share count was set using the March 13, 2026 price.
  • F2 & F3: Some shares are owned directly by Ancora Catalyst and Ancora Merlin. Mr. DiSanto may be deemed to beneficially own those holdings solely due to his roles with Ancora entities, but he expressly disclaims beneficial ownership except to the extent of any pecuniary interest.

Context

• This is a routine director compensation award (not a sale), which is common and does not itself indicate the director bought additional stock on the open market. Such awards are typically part of regular board compensation and should be viewed as non-speculative facts rather than a direct signal of insider sentiment.