Form 4: Great Lakes Dredge & Dock CEO Acquires Restricted Stock Units
SEC Form 4 Filing
Lasse Petterson, CEO of Great Lakes Dredge & Dock, reports acquisition of restricted stock units.
Summary
- On May 8, 2025, Lasse Petterson, CEO & President and Director of Great Lakes Dredge & Dock CORP [GLDD], acquired 125,145 restricted stock units.
- Following the transaction, Petterson directly owns 1,159,377.29 shares of Common Stock.
- The restricted stock units vest in three equal annual installments beginning on March 15, 2026.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions. The acquisition of restricted stock units by the CEO is generally viewed as a positive sign, but the filing itself is simply a disclosure.
Positives
- The CEO's acquisition of restricted stock units could be seen as a positive signal, indicating confidence in the company's future performance.
Future Outlook
The restricted stock units vest in three equal annual installments beginning on March 15, 2026, suggesting a long-term incentive for the CEO.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This filing indicates changes in the CEO's holdings of company stock.
Stakeholder Impact
- The CEO's increased stake in the company could align his interests more closely with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/08/2025 | Date of transaction: Lasse Petterson acquired restricted stock units. |
| 05/12/2025 | Date of signature on the Form 4 filing. |
| 03/15/2026 | Vesting start date for the restricted stock units in three equal annual installments. |
Keywords
restricted stock units, GLDD, Great Lakes Dredge & Dock, Lasse Petterson, Form 4, beneficial ownership, CEO
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