Form 4: Apogee Enterprises Director Mark A. Pompa Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing


Director Mark A. Pompa reports acquisition of phantom stock units and deferred restricted stock units through dividend reinvestment plans.

Summary

  • On September 30, 2024, Mark A. Pompa, a director of Apogee Enterprises, Inc., reported changes in his beneficial ownership of the company's securities.
  • Pompa acquired additional phantom stock units and deferred restricted stock units under the company's deferred compensation plans for non-employee directors and stock incentive plans.
  • These acquisitions were made pursuant to dividend equivalent reinvestment features of the plans.
  • 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 common stock at the time of the transaction was $70.02.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports routine transactions related to director compensation. There are no indications of significant positive or negative events.

Positives

  • The director's participation in dividend reinvestment plans demonstrates confidence in the company's future.

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, according to the plans.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company director, which is common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding the holdings of a company director.

Key Dates

DateDescription
09/30/2024Date of transaction: Acquisition of phantom stock units and deferred restricted stock units.
10/02/2024Date of report filing.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.