MARDY MICHAEL J 4

What Happened
Michael J. Mardy, a director of Eastern Company (EML), acquired 1,099 shares on March 16, 2026. The transaction is reported as a purchase at $20.93 per share, for a total reported value of $23,002. Although recorded as a purchase, the filing notes the shares were issued under the company’s Director's Fee Program (compensation), not a typical open-market investment.

Key Details

• Transaction date: 2026-03-16; filing date: 2026-03-17 (timely filing).
• Price and amount: 1,099 shares at $20.93 each; total reported value $23,002.
• Shares owned after the transaction: Not disclosed in the provided filing excerpt.
• Footnote: 1,099 shares were issued under The Eastern Company Director's Fee Program pursuant to Rule 16b‑3(d); the number of shares was determined using the March 13, 2026 share price.
• Transaction code: P (purchase/issuance under fee program).

Context
This transaction represents issuance of shares as director compensation under the company’s fee program rather than a classic open‑market buy by the director. Such fee‑based issuances are routine forms of director compensation and do not necessarily indicate the director’s personal cash investment or a change in sentiment.