Form 4: GLDD Director Acquires Deferred Stock Units

Great Lakes Dredge & Dock Corp. Director Lawrence R. Dickerson acquired 4,165 deferred stock units, increasing his total derivative holdings to 70,218 DSUs.

Summary

• Lawrence R. Dickerson, a Director of Great Lakes Dredge & Dock Corp. (GLDD), acquired 4,165 Deferred Stock Units (DSUs) on September 30, 2025.
• The DSUs were granted pursuant to the Company's Director Deferral Plan and will be payable in common stock on a 1-for-1 basis when Mr. Dickerson's board service concludes.
• Following this transaction, Mr. Dickerson directly owns 86,217 shares of common stock.
• His total direct beneficial ownership of derivative securities, specifically Deferred Stock Units, now stands at 70,218 units.

Sentiment

Score: 7

Explanation: The acquisition of deferred stock units by a director is a positive signal, indicating continued alignment of interests with shareholders and confidence in the company's future, though it is a routine compensation event.

Positives

• Director Lawrence R. Dickerson increased his equity stake in the company by acquiring 4,165 Deferred Stock Units, signaling continued alignment with shareholder interests.
• The acquisition of DSUs through a deferral plan demonstrates a long-term commitment from a key board member.

Future Outlook

The Deferred Stock Units acquired by Director Dickerson will be payable in common stock on a 1-for-1 basis upon the cessation of his board service.

Industry Context

This Form 4 filing reflects a routine insider transaction, specifically a director's acquisition of equity-based compensation, which is a common practice across various industries to align management and director interests with shareholders.

Related Party Transactions

• Grant of 4,165 Deferred Stock Units to Director Lawrence R. Dickerson under the Company's Director Deferral Plan.

Stakeholder Impact

• Shareholders: The increased equity ownership by a director enhances alignment of interests, potentially leading to decisions that benefit long-term shareholder value.

Next Steps

• The Deferred Stock Units will convert to common stock upon the termination of Mr. Dickerson's board service.

Key Dates

Recommendation

The acquisition of deferred stock units by a director is a positive signal of alignment with shareholder interests, but it is a routine compensation event and not significant enough on its own to warrant a change in investment thesis or a strong buy/sell recommendation.

Keywords

GLDD, Great Lakes Dredge & Dock, Form 4, insider transaction, director, deferred stock units, equity ownership, beneficial ownership