Form 4: GLDD Executive Sells Shares for Tax Obligation

Eleni Beyko, SVP of Offshore Energy at Great Lakes Dredge & Dock Corp., disposed of 8,088 shares of common stock to cover tax liabilities.

Summary

• Eleni Beyko, the Senior Vice President of Offshore Energy at Great Lakes Dredge & Dock Corp. (GLDD), reported a transaction involving company common stock.
• On December 31, 2025, Beyko disposed of 8,088 shares of GLDD common stock.
• The disposition was made at a price of $13.12 per share.
• This transaction was coded as 'F', indicating a disposition to the issuer to pay tax liability by delivering or withholding securities incident to the receipt, exercise, or vesting of a security or an equity swap.
• Following this transaction, Beyko beneficially owns 125,807 shares of GLDD common stock directly.
• The transaction was made pursuant to a Rule 10b5-1 plan, which allows insiders to set up a pre-arranged plan to buy or sell company stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares is explicitly stated as being for tax liability and was conducted under a Rule 10b5-1 plan, indicating a pre-planned, non-discretionary transaction rather than a reflection of sentiment towards the company's prospects.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider transactions, particularly those designated as dispositions for tax liability under a Rule 10b5-1 plan, are common and generally do not reflect a change in management's outlook on the company's future performance or broader industry trends. Such transactions are typically pre-scheduled and automatic.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, pre-planned transaction for tax purposes and does not signal a change in company fundamentals or management's confidence.

Key Dates

Recommendation

This Form 4 filing details a routine, pre-planned insider stock disposition for tax purposes, which is a common occurrence and does not provide new information regarding the company's operational performance, strategic direction, or financial health. As such, it does not warrant a change in investment recommendation based solely on this disclosure. Investors should continue to hold based on their existing fundamental analysis of GLDD.

Keywords

GLDD, Great Lakes Dredge & Dock, Form 4, Insider Transaction, Stock Sale, Eleni Beyko, Offshore Energy, Tax Liability, Rule 10b5-1