Form 4: Great Lakes Dredge & Dock CEO Lasse Petterson Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
CEO Lasse Petterson disposed of 9,467 shares of Great Lakes Dredge & Dock stock to cover tax obligations resulting from equity awards.
Summary
- On May 6, 2024, Lasse Petterson, CEO and President of Great Lakes Dredge & Dock CORP, disposed of 9,467 shares of common stock.
- The transaction was executed to cover tax obligations.
- The price per share was $7.04.
- Following the transaction, Petterson directly owns 1,252,392.29 shares of common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction to cover tax obligations, with no indication of positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Date of stock disposal transaction |
| 05/07/2024 | Date of signature on the Form 4 filing |
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