Form 4: Apogee Enterprises EVP & CHRO Curtis John Dobler Reports Acquisition of Common Stock
SEC Form 4 Filing
Curtis John Dobler, EVP & CHRO of Apogee Enterprises, reports acquiring 3,392 shares of common stock at $62.53 per share on May 1, 2024.
Summary
- On May 1, 2024, Curtis John Dobler, the EVP & CHRO of Apogee Enterprises, acquired 3,392 shares of common stock at a price of $62.53 per share.
- These shares are subject to a three-year vesting schedule, with one-third vesting annually on May 1, 2025, April 30, 2026, and April 30, 2027.
- Following the transaction, Dobler beneficially owns 33,317 shares, which includes shares allocated under the Employee Stock Purchase Plan and restricted stock granted under the 2019 Stock Incentive Plan.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard disclosure of stock acquisition by an executive. The acquisition itself can be seen as a slightly positive sign, but the filing is primarily informational.
Positives
- The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company executive.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction: Acquisition of 3,392 shares of common stock. |
| 05/01/2024 | Shares allocated under the Employee Stock Purchase Plan as of this date. |
| 05/01/2025 | First vesting date for one-third of the acquired shares. |
| 04/30/2026 | Second vesting date for one-third of the acquired shares. |
| 04/30/2027 | Final vesting date for one-third of the acquired shares. |
| 05/03/2024 | Date of signature on the Form 4 filing. |
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