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

Director Lloyd Emerson Johnson reports acquiring additional deferred restricted stock units in Apogee Enterprises, Inc. through a dividend equivalent reinvestment.

Summary

• On March 28, 2024, Lloyd Emerson Johnson, a director of Apogee Enterprises, Inc., acquired 81 deferred restricted stock units (DRSUs).
• These DRSUs were allocated under the company's 2009 and 2019 Non-Employee Director Stock Incentive Plans.
• The acquisition was a result of a dividend equivalent reinvestment feature within these plans.
• The DRSUs will be settled in shares of common stock after Johnson's termination from the Board or upon other specified events, according to his election.
• Following the transaction, Johnson directly owns 19,222 shares of Apogee Enterprises, Inc.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it shows continued investment in the company by a director.

Positives

• The acquisition of deferred restricted stock units through dividend reinvestment demonstrates the director's continued investment in the company's future.

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

This Form 4 filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the alignment of director interests with shareholder value.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates