Form 4: Great Lakes Dredge & Dock Corp Executive David Johanson Reports Stock Transactions

David Johanson, SVP at Great Lakes Dredge & Dock Corp, reports acquisition and disposal of common stock and restricted stock units.

Summary

• On March 15, 2024, David Johanson, SVP at Great Lakes Dredge & Dock Corp, reported transactions involving the company's common stock.
• He acquired 6,898 shares of common stock related to performance-based restricted stock units.
• He disposed of 2,046 shares and 1,967 shares of common stock at a price of $8.62.
• He also acquired 12,668 restricted stock units that vest in three equal annual installments beginning on March 15, 2025.
• Following these transactions, Mr. Johanson beneficially owns 79,233.2594 shares of common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the transactions appear to be routine and related to executive compensation. The disposal of some shares is offset by the acquisition of restricted stock units.

Positives

• The acquisition of shares indicates confidence in the company's performance.

Negatives

• The disposal of shares, while potentially for tax obligations, could be perceived negatively.

Risks

• Executive stock transactions can sometimes be misinterpreted by the market.

Future Outlook

The executive will receive restricted stock units vesting in three equal annual installments beginning on March 15, 2025.

Industry Context

Executive stock transactions are common and are usually related to compensation and tax planning. They are closely watched by investors for signals about a company's prospects.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
• The vesting schedule of three years is a fairly standard practice.

Stakeholder Impact

• The transactions may have a minor impact on shareholders' perception of the company.

Key Dates