Galbato Chan 4

What Happened
Galbato Chan, a director of Eastern Co (EML), acquired 940 shares on June 16, 2026. The shares were issued at an effective price of $21.40 per share for a total value of $20,116. The transaction is recorded as a purchase (P) but, per the filing footnote, the shares were issued under The Eastern Company Director's Fee Program rather than bought on the open market.

Key Details

• Transaction date: 2026-06-16; Price per share: $21.40; Total value: $20,116.
• Method: Shares issued under The Eastern Company Director's Fee Program pursuant to Rule 16b-3(d).
• Footnote: The number of shares was determined using the share price on June 15, 2026.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing date: 2026-06-17 (covers the 6/16/2026 transaction); filing appears timely based on provided dates.

Context
Issuances under a director fee program are a form of compensation rather than a market purchase or sale; they typically reflect routine director remuneration and do not by themselves indicate the director is making a separate market bet. The position size here (~$20k) is modest; purchase-coded filings for directors are informative but should be weighed with other insider activity and company fundamentals.