Form 4: Great Lakes Dredge & Dock CFO Kornblau Reports Stock Disposal
SEC Form 4 Filing
Scott Lee Kornblau, CFO of Great Lakes Dredge & Dock, reported disposing of 1,676 shares of common stock to cover tax obligations.
Summary
- On May 6, 2024, Scott Lee Kornblau, the SVP, CFO & Treasurer of Great Lakes Dredge & Dock CORP (GLDD), disposed of 1,676 shares of common stock.
- The transaction was executed at a price of $7.04 per share.
- Following the transaction, Kornblau directly owns 116,757.24 shares of GLDD common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock disposal for tax purposes, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows investors to see how executives are trading their own company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the total outstanding shares.
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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