Eastern Co (EML) Director Frederick DiSanto Receives 905-Share Award

What Happened

Frederick D. DiSanto, a director of Eastern Company (EML), was awarded 905 shares as a director compensation grant on September 15, 2026. The shares were issued at a per-share price of $25.25 (the Sept 15 closing price), for a total value of $22,851. This transaction is an award/issuance under the company’s director fee program (an acquisition of shares as compensation), not an open-market purchase.

Key Details

• Transaction type: Award/Grant (code A) — 905 shares acquired
• Transaction date and price: Sept 15, 2026 at $25.25 per share
• Total value: $22,851
• Shares owned after transaction: Not specified in the provided filing excerpt
• Notable footnotes:
  • F1: Shares issued under Eastern Company Director’s Fee Program; price used was the Sept 15, 2026 share price.
  • F2/F3: Some Eastern shares are owned by Ancora Catalyst and Ancora Merlin. DiSanto may be deemed to beneficially own those shares solely due to his roles at Ancora entities but expressly disclaims beneficial ownership except for any pecuniary interest.
• Filing timeliness: Form filed Sept 17, 2026 (two days after the transaction); no late-filing flag was indicated in the provided data.

Context

This was a routine director compensation award rather than a market purchase or sale—such grants are common for board service and do not necessarily signal the insider’s personal buying or selling preference. The filing includes standard beneficial-ownership disclaimers relating to shares held by Ancora-related entities; these are institutional holdings and the insider disclaims direct beneficial ownership except to the extent of any pecuniary interest.