Form 4: Apogee Director Converts RSUs to Common Stock

Apogee Enterprises Director Lloyd Johnson converted 2,883 deferred restricted stock units into common shares, increasing his direct common stock holdings.

Summary

• Director Lloyd Emerson Johnson converted 2,883 deferred restricted stock units (RSUs) into common stock.
• The transaction occurred on January 2, 2026.
• Following the conversion, Johnson directly holds 10,014 shares of Apogee Enterprises common stock.
• The RSUs were allocated under the 2009 Non-Employee Director Stock Incentive Plan and the 2019 Non-Employee Director Stock Plan.
• The conversion was a 1-for-1 settlement of RSUs into common stock.

Sentiment

Score: 6

Explanation: The conversion of deferred restricted stock units into common stock is a pre-planned event, but it results in an increase in the director's direct common stock holdings, aligning interests.

Positives

• Director Lloyd Johnson increased his direct beneficial ownership of Apogee Enterprises common stock by 2,883 shares.
• The conversion of deferred restricted stock units into common stock aligns the director's interests more closely with shareholders.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Increased direct ownership by a director may be seen as a positive signal of confidence in the company.

Key Dates

Recommendation

This Form 4 reports a routine, pre-planned conversion of deferred restricted stock units into common stock by a director. While it increases the director's direct share ownership, it does not provide new fundamental information about the company's performance or outlook that would alter an investment recommendation. It primarily reflects a compensation-related event.

Keywords

APOG, Apogee Enterprises, insider transaction, Form 4, stock conversion, director ownership, RSU settlement