BARINGTON COMPANIES MANAGEMENT, LLC 4
4 · EASTERN CO · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
EASTERN CO (EML) 10% Owner James A. Mitarotonda Buys Stock
What Happened
James A. Mitarotonda, a 10% owner of Eastern Co. (EML), made two purchases of common stock in early June 2026. On 2026-06-04 he bought 1,922 shares at $21.58 each ($41,471), and on 2026-06-05 he bought 3,736 shares at $21.73 each ($81,171), for a combined 5,658 shares costing $122,642. These were purchases (transaction code P), which are commonly viewed as a more informative (bullish) signal than routine sales.
Key Details
- Transaction dates and prices:
- 2026-06-04: 1,922 shares @ $21.58 = $41,471
- 2026-06-05: 3,736 shares @ $21.73 = $81,171
- Total acquired: 5,658 shares for $122,642.
- Filing: Form 4 filed 2026-06-08 (timely relative to the reported trade dates).
- Shares owned after the transactions: Not specified in the filing.
- Footnotes of note:
- F1: Mitarotonda is sole stockholder/director of LNA Capital Corp.; LNA and related entities are tied into Barington investment groups that hold interests in the company.
- F2: The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest.
Context
These were open-market purchases (no options exercised, awards, or gifts). As a reported 10% owner with related investment entities noted in the filing, this purchase reflects activity by a significant stakeholder rather than necessarily an executive’s routine compensation-related trade. The filing contains factual transaction and entity-relationship disclosures but does not explain motivation.
Insider Transaction Report
- Purchase
Common Shares
[F1][F2]2026-06-04$21.58/sh+1,922$41,471→ 646,264 total(indirect: by Barington Companies Equity Partners L.P.) - Purchase
Common Shares
[F1][F2]2026-06-05$21.73/sh+3,736$81,171→ 650,000 total(indirect: by Barington Companies Equity Partners L.P.)
- 44,511
Common Shares
Footnotes (2)
- [F1]James A. Mitarotonda is the sole stockholder and director of LNA Capital Corp. LNA Capital Corp. is the general partner of Barington Capital Group, L.P., which is the majority member of Barington Companies Investors, LLC ("Barington Investors"). Barington Investors is the general partner of Barington Companies Equity Partners L.P. Barington Companies Management, LLC is the investment adviser to Barington Companies Equity Partners L.P.
- [F2]Each of the reporting persons disclaims beneficial ownership of these securities, except to the extent of the pecuniary interests therein, and this report shall not be deemed to be an admission that each of the reporting persons is the beneficial owner of these shares for the purposes of Section 16 or any other purpose.