Form 4: Great Lakes Dredge & Dock CFO Kornblau Reports Stock Disposals

Scott Lee Kornblau, SVP & CFO of Great Lakes Dredge & Dock Corp, reported the disposal of common stock to cover tax obligations.

Summary

• On May 5, 2025, Scott Lee Kornblau, the SVP & CFO of Great Lakes Dredge & Dock Corp, disposed of 1,676 shares of common stock at a price of $9.54.
• He also disposed of 1,070 shares of common stock at the same price.
• Following these transactions, Kornblau directly owns 146,877.24 shares of Great Lakes Dredge & Dock Corp.
• The disposals were related to covering tax obligations.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing simply reports stock disposals for tax obligations, a common practice.

Industry Context

Form 4 filings are a routine part of the financial markets, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares involved.

Key Dates

Keywords

Form 4, GLDD, Great Lakes Dredge & Dock Corp, Kornblau, Stock Disposal, Insider Trading