Form 4: GLDD Executive Awarded Restricted Stock Units

Vivienne Schiffer, SVP, CLO, CCO & Corp Secretary of Great Lakes Dredge & Dock Corp, was granted 19,149 restricted stock units.

Summary

• Vivienne Schiffer, Senior Vice President, Chief Legal Officer, Chief Compliance Officer, and Corporate Secretary of Great Lakes Dredge & Dock Corp (GLDD), acquired 19,149 shares of common stock.
• The acquisition represents restricted stock units (RSUs) as part of her compensation.
• These restricted stock units are scheduled to vest in three equal annual installments, with the first vesting occurring on February 23, 2027.
• Following this transaction, Ms. Schiffer's beneficial ownership of GLDD common stock totals 101,330 shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive, routine event, reflecting standard executive compensation practices and aligning executive interests with long-term company performance.

Positives

• The grant of restricted stock units to a key executive aligns management's interests with long-term shareholder value.
• Increased beneficial ownership by a senior executive demonstrates continued commitment to the company and its future performance.

Future Outlook

The restricted stock units granted to Vivienne Schiffer are scheduled to vest in three equal annual installments, beginning on February 23, 2027, indicating a future compensation structure tied to continued service.

Industry Context

StockSavvy.ai notes that the grant of restricted stock units is a common practice in executive compensation across various industries, including the dredging and maritime construction sector, designed to incentivize long-term performance and retention of key personnel.

Stakeholder Impact

• Shareholders: The grant of RSUs aligns executive incentives with shareholder interests, potentially fostering long-term value creation.
• Employees: Reflects standard executive compensation practices within the company.

Next Steps

• The restricted stock units will vest in three equal annual installments starting February 23, 2027.

Key Dates

Keywords

Great Lakes Dredge & Dock, GLDD, Vivienne Schiffer, Restricted Stock Units, RSU, Insider Transaction, Form 4, Executive Compensation, Beneficial Ownership