Form 4: Great Lakes Dredge & Dock CEO Lasse Petterson Reports Stock Disposal
SEC Form 4 Filing
CEO Lasse Petterson disposed of 4,541 shares of Great Lakes Dredge & Dock CORP common stock on May 5, 2025, to cover tax obligations.
Summary
- On May 5, 2025, Lasse Petterson, CEO and President of Great Lakes Dredge & Dock CORP, disposed of 4,541 shares of common stock.
- The transaction was executed at a price of $9.54 per share.
- Following the transaction, Petterson directly owns 1,034,232.29 shares of the company's common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a stock disposal, which is a routine event. It doesn't inherently indicate positive or negative performance for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a disposal of shares by the CEO, which could be for various reasons, including tax obligations or portfolio diversification.
Stakeholder Impact
- The disposal of shares by the CEO could have a minor psychological impact on shareholders, but the relatively small number of shares disposed of is unlikely to have a significant material impact.
Key Dates
| Date | Description |
|---|---|
| 05/05/2025 | Date of transaction: Disposal of 4,541 shares of common stock. |
| 05/07/2025 | Date of signature on the report. |
Keywords
Form 4, GLDD, Great Lakes Dredge & Dock CORP, Lasse Petterson, Stock Disposal, CEO, Insider Trading
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