Form 4: Great Lakes Dredge & Dock CEO Lasse Petterson Sells Shares Under 10b5-1 Plan

Great Lakes Dredge & Dock Corp CEO Lasse Petterson sold a portion of his common stock holdings on August 15th and 16th, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Lasse Petterson, CEO and President of Great Lakes Dredge & Dock Corp, executed sales of common stock on August 15 and August 16, 2024.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on May 16, 2024.
• On August 15, 2024, 59,223 shares were sold at a weighted average price of $9.08, with individual transactions ranging from $9.00 to $9.18.
• On August 16, 2024, 51,640 shares were sold at a weighted average price of $9.11, with individual transactions ranging from $9.00 to $9.23.
• Following these transactions, Petterson directly owns 1,041,529.29 shares of Great Lakes Dredge & Dock Corp.
• A Limited Power of Attorney was executed on August 19, 2024, granting Ryan M. Bayer, Vivienne R. Schiffer, and/or Cheryle A. Stone the authority to file Section 16 reports on Petterson's behalf.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock sales by an executive. It is neutral in tone and does not inherently indicate positive or negative sentiment.

Positives

• The sales were conducted under a pre-arranged 10b5-1 trading plan, which can mitigate concerns about insider trading.

Risks

• Executive share sales could be perceived negatively by investors, potentially impacting the stock price.

Future Outlook

The document does not contain any forward-looking statements regarding the company's future performance.

Industry Context

Insider trading activity is always closely watched in the market. The fact that these sales were conducted under a pre-arranged 10b5-1 plan is important context.

Key Dates