Form 4: Apogee Enterprises Director Lloyd Emerson Johnson Reports Acquisition of Deferred Restricted Stock Units

Director Lloyd Emerson Johnson reports acquisition of deferred restricted stock units in Apogee Enterprises, Inc. under the company's stock incentive plans.

Summary

• On September 30, 2024, Lloyd Emerson Johnson, a director of Apogee Enterprises, Inc., acquired deferred restricted stock units (DRSU) under the company's 2009 and 2019 Non-Employee Director Stock Incentive Plans.
• The DRSUs were acquired at a price of $0 and will be settled in shares of common stock following the director's termination from the Board or other specified events.
• Johnson also acquired additional DRSUs through a dividend equivalent reinvestment feature of the plans.
• Following the reported transaction, Johnson directly owns 21,267 shares of Apogee Enterprises common stock, valued at $70.02 per share.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of director interests with shareholders.

Positives

• The acquisition of deferred restricted stock units aligns the director's interests with those of the shareholders.
• The dividend equivalent reinvestment feature allows for further accumulation of shares.

Future Outlook

The 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 insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director compensation with company performance.

Key Dates