MITAROTONDA JAMES A 4
4 · EASTERN CO · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Eastern Co (EML) Director James A. Mitarotonda Buys 1,717 Shares
What Happened
James A. Mitarotonda, a director and reported 10% owner related to LNA Capital/Barington entities, acquired 1,717 shares of Eastern Co (EML) on March 16, 2026. The acquisition price was $20.93 per share, for a total value of approximately $35,937. The reported transaction code was P (purchase), which represents an acquisition rather than a sale.
Key Details
- Transaction date: 2026-03-16; Filing date: 2026-03-17 (timely filing).
- Price: $20.93 per share; Shares acquired: 1,717; Total ≈ $35,937.
- The shares were issued under The Eastern Company Director's Fee Program pursuant to Rule 16b-3(d); the share count was determined using the March 13, 2026 share price (Footnote F1).
- Ownership after transaction: not stated in the filing.
- Ownership/relationships: reporting person is sole stockholder/director of LNA Capital Corp.; LNA is GP of Barington entities (Footnote F2).
- Beneficial ownership disclaimer: the reporting person disclaims beneficial ownership except to the extent of pecuniary interest (Footnote F3).
Context
This acquisition stems from a director fee issuance (compensation converted to shares), not an open-market speculative buy. Director fee issuances are common and reflect compensation rather than an independent market purchase; purchases generally draw more attention than sales but do not necessarily indicate new insider conviction. As a reported 10% owner via related entities, the filing notes the ownership structure and disclaimers rather than signaling executive trading behavior.
Insider Transaction Report
- Purchase
Common Shares
[F1]2026-03-16$20.93/sh+1,717$35,937→ 44,511 total
- 642,342(indirect: By Barington Companies Equity Partners, L.P.)
Common Shares
[F2][F3]
Footnotes (3)
- [F1]1717 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 March 13, 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.