Form 4: Apogee Enterprises Officer Reports Acquisition and Disposal of Shares

Jane Marie Boyce, President of Large Scale Optical at Apogee Enterprises, reports acquiring and disposing of common stock, including performance share units and shares withheld for tax liability.

Summary

• On April 19, 2024, Jane Marie Boyce, President of Large Scale Optical at Apogee Enterprises, reported transactions involving the company's common stock.
• She acquired 6,742 shares of common stock at a price of $57.95 per share as performance share units.
• Boyce also disposed of 2,013 shares of common stock at $57.95 per share to cover tax liabilities.
• Following these transactions, Boyce directly owns 21,833 shares of common stock.
• Additionally, she indirectly owns 25,499 shares through a family trust.
• The shares in the family trust were gifted to a trust for the benefit of themselves, with their spouse as a contingent beneficiary, and Boyce is the sole trustee.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing showing stock transactions. The acquisition of performance shares is mildly positive, while the disposal for tax purposes is neutral.

Positives

• The acquisition of performance share units suggests confidence in the company's future financial performance.

Negatives

• The disposal of shares to cover tax liabilities could be perceived as a minor negative, although it's a common practice.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.

Related Party Transactions

• The reporting person gifted shares to a trust for the benefit of themselves, with their spouse as a contingent beneficiary, and the reporting person is the sole trustee of the trust.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider activity.

Key Dates