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

Scott Lee Kornblau, CFO of Great Lakes Dredge & Dock, reports the disposition of shares to cover tax obligations and acquisition of shares through the Employee Stock Purchase Program.

Summary

• Scott Lee Kornblau, the SVP, CFO & Treasurer of Great Lakes Dredge & Dock CORP [GLDD], filed a Form 4 on March 6, 2024.
• The report details changes in beneficial ownership of the company's common stock.
• On March 5, 2024, 1,850 shares of common stock were disposed of at a price of $8.7 per share.
• The filing also adds 2601.24 shares of Common Stock acquired under the Company's Employee Stock Purchase Program.
• Following the reported transactions, Kornblau beneficially owns 63,156.24 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine stock transactions by a company insider, with participation in the employee stock purchase program being a slightly positive signal.

Positives

• Kornblau's participation in the Employee Stock Purchase Program demonstrates confidence in the company.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates