MITAROTONDA JAMES A 4
4 · EASTERN CO · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Eastern Co (EML) 10% Owner James Mitarotonda Buys 1,679 Shares
What Happened
James A. Mitarotonda, reported as a 10% owner, acquired 1,679 shares of Eastern Company (EML) on 2026-06-16 at an implied price of $21.40 per share, for a total value of $35,931. The filing reports the transaction as a purchase (code P), but the shares were issued under the Eastern Company Director's Fee Program.
Key Details
- Transaction date and price: 2026-06-16, 1,679 shares at $21.40 each (total $35,931). The number of shares was determined using the share price on June 15, 2026 (footnote F1).
- Filing date: Form 4 filed 2026-06-17 covering the 2026-06-16 transaction — no late filing indicated.
- Shares owned after transaction: not specified in the filing.
- Notable footnotes:
- F1: Shares issued under the Director's Fee Program pursuant to Rule 16b-3(d); price basis from 6/15/2026.
- F2/F3: Reporting person is sole stockholder/director of LNA Capital Corp., which has relationships with Barington entities; the filer disclaims beneficial ownership except for pecuniary interest.
Context
This transaction reflects issuance under a director compensation program (a purchase-type reporting code but effectively a fee issuance) rather than an open-market buy. As a reported 10% owner with related entity disclosures, the filing includes institutional/ownership structure notes and a disclaimer of broader beneficial ownership. Such issuances are often routine compensation and should be interpreted accordingly alongside other insider activity.
Insider Transaction Report
- Purchase
Common Shares
[F1]2026-06-16$21.40/sh+1,679$35,931→ 46,190 total
- 650,000(indirect: By Barington Companies Equity Partners, L.P.)
Common Shares
[F2][F3]
Footnotes (3)
- [F1]1,679 Shares issued under The Eastern Company Director's Fee Program pursuant to rule 16b-3(d). The price used to determine the number of shares is the price of the shares on June 15, 2026.
- [F2]The reporting person 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.
- [F3]The reporting person 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 the reporting person is the beneficial owner of these shares for the purposes of Section 16 or any other purpose.