Form 4: Apogee Enterprises Director, Mark A. Pompa, Reports Acquisition of Deferred Restricted Stock Units

Director Mark A. Pompa reports acquisition of deferred restricted stock units in Apogee Enterprises, Inc.

Summary

• On June 20, 2024, Mark A. Pompa, a director of Apogee Enterprises, Inc., acquired 1,893 deferred restricted stock units under the company's 2019 Non-Employee Director Stock Plan.
• These units will be settled in shares of common stock after Mr. Pompa's termination from the Board or upon other specified events.
• The acquisition did not involve a cash transaction, with the price per unit effectively at $0.
• Following the transaction, Mr. Pompa beneficially owns 20,888 deferred restricted stock units, which includes units acquired through dividend equivalent reinvestments.

Sentiment

Score: 7

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

Positives

• The acquisition of deferred restricted stock units aligns the director's interests with the long-term performance of the company.
• Dividend equivalent reinvestments further increase the director's stake in the company.

Future Outlook

The deferred restricted stock units will be settled in shares of common stock following the director's termination from the Board or the occurrence of other events specified in the Plan.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies to ensure transparency and compliance with SEC regulations.

Stakeholder Impact

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

Key Dates