4/A: APOGEE CEO Nolan Corrects Stock Ownership Filing

Donald A. Nolan, CEO of Apogee Enterprises, filed an amended Form 4 to correct a typographical error in his reported deferred restricted stock unit holdings and his relationship to the issuer.

Summary

• An amendment to a previously filed Form 4 was submitted by Donald A. Nolan, Chief Executive Officer of Apogee Enterprises, Inc.
• The amendment corrects the number of derivative securities beneficially owned by Mr. Nolan following a transaction on December 31, 2025, from 30,441 to 30,411 Deferred Restricted Stock Units.
• It also clarifies Mr. Nolan's relationship to the issuer as "Officer" (Chief Executive Officer) instead of "Director" as initially reported.
• The transaction on December 31, 2025, involved the acquisition of 216 Deferred Restricted Stock Units at a price of $36.41 per underlying common stock.
• These units were acquired through a dividend equivalent reinvestment feature under the company's 2009 Non-Employee Director Stock Incentive Plan and the 2019 Non-Employee Director Stock Plan.
• The Deferred Restricted Stock Units are settled 1-for-1 in common stock upon the director's termination from the Board or other plan-specified events.

Sentiment

Score: 5

Explanation: Neutral, as it's a routine correction of administrative errors in an insider trading report. No new positive or negative operational or financial information is disclosed.

Positives

• Correction of previous filing ensures accuracy in public records regarding insider ownership.
• Demonstrates commitment to compliance with SEC reporting requirements.

Negatives

• Initial filing contained a typographical error regarding beneficial ownership.
• Initial filing incorrectly stated the reporting person's relationship to the issuer.

Risks

• Potential for minor administrative errors in SEC filings, though corrected promptly, could lead to temporary inaccuracies in public records.

Future Outlook

N/A

Management Comments

• "This amendment is being filed to correct a typographical error in the number of shares acquired by the Reporting Person following the reported transaction."
• "The initial Form 4 reported the Reporting Person Number of Derivative Securities Beneficially Owned Following Reported Transaction as 30,441, but should have reported 30,411."
• "Also, please note the Relationship of Reporting Person(s) to Issuer in Box 5 was noted as Director, but should have been Officer."

Industry Context

N/A

Management Changes

Corporate Governance

Stakeholder Impact

• Shareholders: Increased accuracy in public records regarding the CEO's beneficial ownership, ensuring transparent disclosure.
• Regulatory Authorities: Demonstrates the company's and reporting person's commitment to accurate and compliant reporting.

Next Steps

• Continued compliance with SEC reporting requirements for insider transactions.

Key Dates

Recommendation

The filing is an administrative amendment to correct minor typographical errors in a previously filed insider ownership report. It does not contain any new financial, operational, or strategic information that would warrant a change in investment recommendation. The correction ensures accuracy in public records but has no material impact on the company's fundamentals or outlook.

Keywords

Apogee Enterprises, APOG, Donald A. Nolan, Form 4/A, SEC filing, beneficial ownership, restricted stock units, insider trading, CEO, corporate governance