Form 4: Great Lakes Dredge & Dock CEO Lasse Petterson Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Lasse Petterson of Great Lakes Dredge & Dock Corp. reports the disposal of common stock to cover tax obligations.
Summary
- On July 15, 2024, Lasse Petterson, CEO and President of Great Lakes Dredge & Dock Corp., reported changes in beneficial ownership of the company's common stock.
- The transactions involved the disposal of 75,000 and 25,000 shares of common stock at a price of $8.90 per share.
- These disposals were likely to cover tax obligations.
- Following these transactions, Petterson directly owns 1,152,392.29 shares of Great Lakes Dredge & Dock Corp.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a transaction related to tax obligations, which is a normal occurrence.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant given the context of tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/15/2024 | Date of stock disposal transactions |
| 07/17/2024 | Date of signature on the report |
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