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

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

Summary

• Mark A. Pompa, a director at Apogee Enterprises, reported acquiring additional phantom stock units and deferred restricted stock units.
• These units were obtained through dividend equivalent reinvestment features of the company's Deferred Compensation Plan for Non-Employee Directors and the 2009 and 2019 Non-Employee Director Stock Incentive Plans.
• The director acquired 34 phantom stock units and 74 deferred restricted stock units on December 31, 2024.
• 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.
• The price of the underlying common stock at the time of acquisition was $71.41 per share.

Sentiment

Score: 7

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

Positives

• The acquisition of additional stock units through dividend reinvestment indicates a continued alignment of director interests with shareholder value.
• The director's participation in these plans suggests confidence in the company's future 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 a director's stock transactions, which is common practice for publicly traded companies. It reflects standard compensation practices for non-employee directors.

Comparison to Industry Standards

• The use of phantom stock units and deferred restricted stock units is a common practice in director compensation across various industries.
• Many companies use similar plans to align director interests with long-term shareholder value.
• The dividend reinvestment feature is also a standard method for directors to increase their stake in the company.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with the company's long-term performance.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

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