Form 4: Apogee Enterprises Director Donald A. Nolan Reports Stock Unit Acquisitions

Director Donald A. Nolan of Apogee Enterprises reported the acquisition of phantom stock units and deferred restricted stock units through dividend reinvestment plans.

Summary

• Donald A. Nolan, a director at Apogee Enterprises, reported acquiring additional phantom stock units and deferred restricted stock units.
• These acquisitions occurred on December 31, 2024, through dividend equivalent reinvestment features of the company's deferred compensation plans.
• Nolan acquired 35 phantom stock units and 92 deferred restricted stock units.
• The phantom stock units are part of the Deferred Compensation Plan for Non-Employee Directors and will be settled in common stock upon termination or other specified events.
• The deferred restricted stock units are part of the 2009 and 2019 Non-Employee Director Stock Incentive Plans and will also be settled in common stock upon termination or other specified events.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a positive alignment of director interests with the company's long-term performance. There are no negative implications.

Positives

• The acquisition of stock units through dividend reinvestment indicates a continued investment in the company by the director.
• The deferred compensation plans align director interests with long-term company performance.

Future Outlook

The phantom stock units and deferred restricted 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 stock unit acquisitions by a company director, which is common practice for publicly traded companies.

Comparison to Industry Standards

• The use of phantom stock units and deferred restricted stock units as part of director compensation is a common practice among publicly traded companies.
• Many companies use similar plans to align the interests of directors with the long-term performance of the company.
• The dividend reinvestment feature is also a standard method for directors to increase their holdings in the company.

Stakeholder Impact

• The acquisition of stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

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