EASTERN CO 10-K

ITEM 5 MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES The Company’s common stock is quoted on the NASDAQ Global Market under the symbol “EML”. The approximate number of record holders of the Company common stock on January 1, 2022, was 308. The Company expects to continue its policy of paying regular cash dividends, although there can be no assurance as to future dividends because they are dependent on future earnings, capital requirements and financial condition. During fiscal years 2021 and 2020, there were no sales by the Company of its securities that were not registered under the Securities Act of 1933, as amended (the “Securities Act”). On May 2, 2018, the Company announced that its Board of Directors had authorized a new program to repurchase up to 200,000 shares of the Company’s common stock. The Company’s share repurchase program does not obligate it to acquire the Company’s common stock at any specific cost per share. Under this program, shares may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act. Below is a summary of the Company’s share repurchases during the year ended January 1, 2022: Issuer Repurchases of Equity Securities Period Total number of shares purchased Average price paid per share Total number of shares purchased as part of publicly announced plans or programs Maximum number of shares that may yet be purchased under the plans or programs (a) (b) (c) (d) January 3, 2021 to April 3, 2021 -- $ -- -- -- April 4, 2021 to July 3, 2021 -- -- -- -- July 4, 2021 to October 2, 2021 -- -- -- -- October 3, 2021 to January 1, 2022 14,596 25.33 14,596 130,404 Total 14,596 $ 25.33 14,596 130,404 ITEM 6 RESERVED 18 Table of Contents