Form 4: Apogee Enterprises Director Lloyd Emerson Johnson Acquires Additional Deferred Restricted Stock Units

Director Lloyd Emerson Johnson acquired 105 deferred restricted stock units of Apogee Enterprises through a dividend equivalent reinvestment feature.

Summary

• On March 31, 2025, Lloyd Emerson Johnson, a director of Apogee Enterprises, acquired 105 deferred restricted stock units (DRSUs).
• The acquisition was made pursuant to the dividend equivalent reinvestment feature of the 2009 Non-Employee Director Stock Incentive Plan and the 2019 Non-Employee Director Stock Plan.
• The DRSUs will be settled in shares of common stock following the director's termination from the Board or upon other specified events.
• Following the transaction, Johnson beneficially owns 18,636 shares of Apogee Enterprises common stock.
• The price of the derivative security is $46.33.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares through dividend reinvestment suggests confidence, but it's a routine transaction.

Positives

• The acquisition of additional shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The deferred restricted 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

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company executives and directors, which can be indicative of their sentiment towards the company's prospects.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a company director.

Key Dates

Keywords

Apogee Enterprises, Director, Lloyd Emerson Johnson, Deferred Restricted Stock Units, Dividend Reinvestment, Stock Incentive Plan, Form 4, Beneficial Ownership