DiSanto Frederick D. 4
Research Summary
AI-generated summary
Eastern Co (EML) Director Frederick DiSanto Buys 2,000 Shares
What Happened
Frederick D. DiSanto, a director of Eastern Co (EML), made two open-market purchases: 1,000 shares on 2026-06-11 at $21.25 each ($21,250) and 1,000 shares on 2026-06-12 at $20.96 each ($20,960), for a total of 2,000 shares and $42,210. These were purchases (transaction code P), which investors often view as a more informative/bullish signal than routine sales.
Key Details
- Transaction dates and prices: 2026-06-11 — 1,000 shares @ $21.25; 2026-06-12 — 1,000 shares @ $20.96.
- Total purchased: 2,000 shares for $42,210.
- Filing: Report filed 2026-06-12 for transactions on 2026-06-11–12 — appears timely (filed the next day).
- Shares owned after transaction: Not specified in the provided filing extract.
- Footnotes of note:
- F1: Some shares are owned directly by Ancora Catalyst; Mr. DiSanto, by virtue of his roles in Ancora entities, may be deemed to beneficially own those shares for Section 16 purposes but disclaims beneficial ownership except for any pecuniary interest.
- F2: Same structure/statement for shares owned directly by Ancora Merlin.
- No indications in the extract of option exercises, 10b5-1 plan trades, gifts, or tax-withholding transactions.
Context
This is a modest-sized insider purchase (~$42k total). The filing shows open-market buys rather than option exercises or awards. Note the filing references Ancora-related holdings — these are institutional/entity-held positions that Mr. DiSanto may be deemed to beneficially own solely due to his roles, but he disclaims ownership except for pecuniary interest.