BARINGTON COMPANIES MANAGEMENT, LLC 4
4 · EASTERN CO · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Eastern Co (EML) 10% Owner James A. Mitarotonda Buys 2,000 Shares
What Happened James A. Mitarotonda, reported as a 10% owner, purchased 2,000 shares of Eastern Co (EML) on 2026-03-18 at $20.11 per share, for a total reported transaction value of $40,217. The filing shows this as a purchase (code P), which is generally viewed as a direct acquisition rather than a sale.
Key Details
- Transaction date: 2026-03-18; Price: $20.11 per share; Shares acquired: 2,000; Total value: $40,217.
- Transaction type: Purchase (code P), reported as open market or private purchase.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing date: 2026-03-20 (filed within standard Form 4 reporting window; not indicated as late).
- Notable footnotes:
- F1: Mitarotonda is sole stockholder and director of LNA Capital Corp.; that entity is tied through several partnerships and advisers to Barington investment entities noted in the filing.
- F2: The reporting persons disclaim beneficial ownership except to the extent of pecuniary interests.
Context As a reported 10% owner, this transaction reflects an ownership/investment change by a principal stakeholder rather than routine executive compensation activity. Purchases by significant holders can be interpreted by some investors as a positive signal, but the filing provides no explanation for motivation. The complex entity structure in F1 indicates the stake is held through related investment entities; F2 adds a standard disclaimer about beneficial ownership.
Insider Transaction Report
- Purchase
Common Shares
[F1][F2]2026-03-18$20.11/sh+2,000$40,217→ 644,342 total(indirect: by Barington Companies Equity Partners L.P.)
- 44,511
Common Shares
Footnotes (2)
- [F1]James A. Mitarotonda 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. Barington Companies Management, LLC is the investment adviser to Barington Companies Equity Partners L.P.
- [F2]Each of the reporting persons 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 each of the reporting persons is the beneficial owner of these shares for the purposes of Section 16 or any other purpose.