Form 4: Great Lakes Dredge & Dock Corp Executive Eleni Beyko Reports Stock Transactions

Eleni Beyko, SVP at Great Lakes Dredge & Dock Corp, reports acquisition and disposal of company stock on March 15, 2024, resulting in a net ownership of 78,912 shares.

Summary

• On March 15, 2024, Eleni Beyko, SVP of Offshore Wind at Great Lakes Dredge & Dock Corp, reported transactions involving the company's common stock.
• Beyko acquired 8,047 shares related to performance-based restricted stock units granted on March 15, 2023.
• She also acquired 14,780 restricted stock units that will vest in three equal annual installments starting March 15, 2025.
• Simultaneously, she disposed of 2,604 shares at $8.62 and 2,570 shares at $8.62 for tax purposes.
• Following these transactions, Beyko's total direct ownership amounts to 78,912 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transactions are part of a standard compensation package. The acquisition of shares due to performance is mildly positive.

Positives

• The acquisition of 8,047 shares indicates the executive met performance conditions.
• The grant of 14,780 restricted stock units suggests continued confidence in the executive's performance and the company's future.

Future Outlook

The vesting of restricted stock units in the future suggests an expectation of continued service and performance by the executive.

Industry Context

Executive stock transactions are common and are often related to compensation and incentives. Monitoring these transactions can provide insights into management's view of the company's prospects.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant.

Key Dates