Form 4: Director Lilly Elizabeth Murphy Reports Acquisition of Apogee Enterprises Stock Units

Director Lilly Elizabeth Murphy acquired additional deferred restricted stock units in Apogee Enterprises, Inc. through a dividend equivalent reinvestment feature.

Summary

• On March 31, 2025, Director Lilly Elizabeth Murphy acquired 21 deferred restricted stock units (DRSUs) of Apogee Enterprises, Inc.
• The acquisition was made pursuant to a dividend equivalent reinvestment feature of the 2019 Non-Employee Director Stock Plan.
• These DRSUs will be settled 1-for-1 in shares of common stock following the director's termination from the Board or other specified events.
• The price of the derivative security is $46.33.
• Following the reported transaction, Ms. Murphy beneficially owns 3,779 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through a standard compensation mechanism.

Positives

• The acquisition of additional stock units demonstrates the director's continued investment in the company.
• The dividend equivalent reinvestment feature allows for the accumulation of more shares over time.

Future Outlook

The deferred restricted stock units will be settled in shares of common stock following the director's termination from the Board or other events specified in the Plan.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it reflects insider confidence in the company.

Key Dates

Keywords

Apogee Enterprises, Director, Stock Units, Deferred Restricted Stock Units, Dividend Reinvestment, Form 4, Beneficial Ownership