Form 4: Apogee Enterprises Director Acquires Deferred Stock Units

Director Lloyd Emerson Johnson acquired deferred restricted stock units in Apogee Enterprises, Inc. on December 31, 2024.

Summary

• Lloyd Emerson Johnson, a director at Apogee Enterprises, Inc., acquired deferred restricted stock units on December 31, 2024.
• These units were allocated under the company's 2009 and 2019 Non-Employee Director Stock Incentive Plans.
• The deferred stock units will be settled in common stock after the director's termination from the board or other specified events.
• The acquisition included 75 units at a price of $71.41 per unit, and additional units were acquired through a dividend equivalent reinvestment feature.
• Following the transaction, Mr. Johnson beneficially owns 21,342 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a neutral to slightly positive sentiment due to the director's increased stake in the company.

Positives

• The acquisition of deferred stock units aligns the director's interests with the long-term performance of the company.
• The dividend reinvestment feature further increases the director's stake in the company.

Future Outlook

The deferred stock units will be settled in shares of common stock following the director's termination from the Board or other specified events.

Industry Context

This filing is a routine disclosure of a director's stock transactions, which is common in publicly traded companies. It reflects standard practice for aligning director compensation with company performance.

Comparison to Industry Standards

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

Stakeholder Impact

• The transaction increases the director's alignment with shareholder interests.
• The acquisition of stock units does not have a direct impact on employees, customers, or suppliers.

Key Dates

Keywords

Apogee Enterprises, Director, Stock Units, Deferred Stock, Beneficial Ownership, Stock Incentive Plan, Dividend Reinvestment