Form 4: Apogee Enterprises Director Acquires Deferred Stock Units

Director Elizabeth Murphy Lilly acquired deferred restricted stock units in Apogee Enterprises, Inc. on December 31, 2024.

Summary

• Elizabeth Murphy Lilly, a director at Apogee Enterprises, Inc., was granted deferred restricted stock units on December 31, 2024.
• These units were allocated under the 2019 Non-Employee Director Stock Plan.
• The units will be settled in shares of common stock after the director's termination from the board or other specified events.
• An additional 14 deferred restricted stock units were allocated due to a dividend equivalent reinvestment feature of the plan.
• The price of the underlying common stock at the time of the transaction was $71.41.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive for the company's outlook.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• The allocation of deferred stock units to directors is a standard practice in publicly traded companies as part of their compensation packages.
• Many companies use similar stock plans to align the interests of directors with those of shareholders.
• The specific terms of the plan, such as vesting schedules and settlement conditions, are typical for director compensation.

Stakeholder Impact

• The transaction has a minor positive impact on the director's alignment with shareholder interests.
• The allocation of stock units is a standard part of director compensation and does not have a significant impact on other stakeholders.

Key Dates

Keywords

stock units, deferred stock, director, insider trading, equity, Apogee Enterprises, stock plan