EVERETS JOHN 4

What Happened

• John Everets, a director of Eastern Company (EML), acquired 1,310 shares on 2026-06-16. The transaction is reported as a purchase (code P) at $21.40 per share, for a total value of $28,034. According to the filing, the shares were issued under the company's Director's Fee Program (see footnote).

Key Details

• Transaction date and price: 2026-06-16 at $21.40 per share
• Shares acquired: 1,310; aggregate value: $28,034
• Shares owned after the transaction: not specified in the provided filing
• Footnote: Shares were issued under The Eastern Company Director's Fee Program pursuant to Rule 16b-3(d); the price used to determine the number of shares was the share price on June 15, 2026
• Filing timeliness: Form 4 filed 2026-06-17 for a 2026-06-16 transaction — appears timely (Form 4 is generally due within two business days)

Context

• These shares were issued to satisfy director compensation (a common practice where directors receive shares instead of cash under a fee program), not as an open-market speculative buy. While purchases/receipts by insiders can be informative, this type of issuance primarily reflects compensation rather than a direct market signal.