---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-006443"
form_type: "8-K"
ticker: "EML"
cik: "0000031107"
company_name: "EASTERN CO"
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T21:53:36.756637+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Eastern Company adopts new performance-based equity award agreements for executives

## Summary
- Compensation Committee adopted new forms of performance-based stock award and non-qualified stock option agreements effective May 15, 2024.
- Stock awards now tied to EBITDA, return on invested capital, and relative TSR multiplier; time-based vesting eliminated.
- Option awards also subject to similar performance criteria under the new form.
- Agreements used for all executive officer grants under the 2020 Stock Incentive Plan.

## SEC filing metadata
- accession: 0001654954-24-006443
- form_type: 8-K
- ticker: EML
- cik: 0000031107
- company_name: EASTERN CO
- filed_at: 2024-05-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/31107/000165495424006443/0001654954-24-006443-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31107/000165495424006443/eml_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-006443
- JSON: https://secwatch.observer/filing/0001654954-24-006443.json
- Plain text: https://secwatch.observer/filing/0001654954-24-006443.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.