DiSanto Frederick D. 4
Research Summary
AI-generated summary
Eastern Co (EML) Director Frederick DiSanto Buys 288 Shares
What Happened
Frederick D. DiSanto, a director of Eastern Co (EML), made an open-market purchase of 288 shares on 2026-06-05 at $21.50 per share, for a total cash outlay of $6,192. This was a straightforward purchase (transaction code P), which is generally seen as a direct investment in the company rather than a sale or option exercise.
Key Details
- Transaction date: 2026-06-05
- Transaction type: Open-market purchase (Code P)
- Price and amount: 288 shares at $21.50 each; total value $6,192
- Filing date: Form 4 filed 2026-06-08 — appears to be timely (within the standard two-business-day window)
- Shares owned after transaction: Not specified in the provided filing details
- Notable footnotes:
- F1/F2: Certain shares are owned directly by Ancora Catalyst and Ancora Merlin. Mr. DiSanto, by virtue of his roles at Ancora Holdings (through Ancora Alternatives), may be deemed to beneficially own those institutional holdings for Section 16 purposes but expressly disclaims beneficial ownership except to the extent of any pecuniary interest.
Context
This was a small open-market purchase by a board member rather than an institutional block trade or option exercise. Purchases by insiders can be viewed as a modest positive signal, but the size here ($6.2k) is relatively small; retail investors should weigh it alongside other filings and company fundamentals.