Form 4: Apogee Enterprises Director Donald A. Nolan Reports Acquisition of Phantom Stock Units and Deferred Restricted Stock Units

Director Donald A. Nolan reports the acquisition of phantom stock units and deferred restricted stock units in Apogee Enterprises through dividend equivalent reinvestment features.

Summary

• On March 31, 2025, Donald A. Nolan, a director of Apogee Enterprises, acquired additional phantom stock units and deferred restricted stock units.
• These acquisitions were made pursuant to dividend equivalent reinvestment features of the Deferred Compensation Plan for Non-Employee Directors, the 2009 Non-Employee Director Stock Incentive Plan, and the 2019 Non-Employee Director Stock Plan.
• Nolan acquired 58 phantom stock units at a price of $46.33, bringing his total holdings to 10,325 units.
• He also acquired 148 deferred restricted stock units at the same price, increasing his total to 26,380 units.
• These units will be settled in shares of common stock following Nolan's termination from the Board or other specified events, according to the terms of the respective plans.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. There is no indication of positive or negative implications for the company's performance.

Positives

• The acquisition of additional units through dividend reinvestment indicates a continued investment in the company's future by the director.

Future Outlook

The deferred restricted stock units and phantom stock units will be settled in shares of common stock following the director's termination from the Board in accordance with the election of the reporting person, or following the occurrence of other events specified in the Plan.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is related to director compensation and does not involve a significant change in ownership.

Key Dates

Keywords

Apogee Enterprises, Director, Donald A. Nolan, Phantom Stock Units, Deferred Restricted Stock Units, Dividend Reinvestment, Form 4, SEC Filing