Form 4: Apogee Enterprises Executive Brent C. Jewell Reports Stock Sale and Gift

Brent C. Jewell, President of Architectural Glass at Apogee Enterprises, sold 5,000 shares of common stock and gifted 66 shares to a revocable living trust.

Summary

• On July 16, 2024, Brent C. Jewell, President of Architectural Glass at Apogee Enterprises, sold 5,000 shares of common stock at a weighted average price of $64.34.
• The prices for the sold shares ranged from $64.16 to $64.52.
• Following the transaction, Jewell directly owns 23,405 shares, which includes restricted stock granted under the 2019 Stock Incentive Plan.
• Jewell also indirectly owns 66 shares through a revocable living trust.
• The shares were gifted to a revocable living trust for the benefit of himself and his spouse, with their minor children as contingent beneficiaries.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock transactions. No indication of positive or negative company performance is implied.

Industry Context

This filing is a routine disclosure of insider transactions and provides insight into the actions of Apogee Enterprises' leadership. It is common for executives to periodically sell shares for personal financial management.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies.
• Comparing Jewell's transactions to those of executives at similar companies like Oldcastle BuildingEnvelope or Kawneer (Arconic) would provide a broader context.
• The size and frequency of these transactions are typical for executives managing their personal portfolios.

Related Party Transactions

• The gift of shares to a revocable living trust benefiting the reporting person and his family constitutes a related party transaction.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, but is unlikely to be significant given the relatively small number of shares involved.
• There is no direct impact on employees, customers, suppliers, or creditors.

Key Dates