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

Scott Lee Kornblau, SVP & CFO of Great Lakes Dredge & Dock Corp, reports multiple transactions involving common stock, including acquisitions and disposals to cover tax obligations related to vesting restricted stock units.

Summary

• Scott Lee Kornblau, the SVP & CFO of Great Lakes Dredge & Dock Corp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On March 17, 2025, Kornblau engaged in several transactions involving common stock.
• These transactions included the disposal of shares to satisfy tax obligations and the acquisition of shares through the vesting of performance-based restricted stock units.
• Specifically, 4,718 shares, 8,657 shares, 2,926 shares and 11,805 shares were disposed of at a price of $8.7 per share to cover tax liabilities.
• Kornblau acquired 22,000 shares, 14,794 shares and 30,000 shares through the vesting of performance-based restricted stock units granted on March 15, 2023, March 15, 2024 and March 17, 2023 respectively.
• Following these transactions, Kornblau's direct ownership in Great Lakes Dredge & Dock Corp stands at 149,623.24 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation. There is no indication of unusual or concerning activity.

Positives

• The vesting of restricted stock units indicates that performance conditions were met, which could be viewed positively.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates