Form 4: Great Lakes Dredge & Dock CEO Lasse Petterson Reports Changes in Beneficial Ownership

CEO Lasse Petterson of Great Lakes Dredge & Dock Corp. reports a disposition of shares to cover tax obligations and an acquisition of shares through the Employee Stock Purchase Program.

Summary

• On March 5, 2024, Lasse Petterson, CEO and President of Great Lakes Dredge & Dock Corp., reported a transaction involving the disposition of 8,860 shares of common stock to cover tax obligations at a price of $8.7 per share.
• Following this transaction, Petterson directly owns 1,145,550.29 shares of common stock.
• Additionally, Petterson acquired 2,843.95 shares of Common Stock under the Company's Employee Stock Purchase Program.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to tax obligations and employee stock purchase program participation. There's no indication of significant positive or negative sentiment.

Positives

• The acquisition of shares through the Employee Stock Purchase Program indicates Petterson's continued investment in the company.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine insider activity.

Key Dates