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

David Johanson, SVP at Great Lakes Dredge & Dock Corp., reports disposition of shares for tax purposes and acquisition of shares through the Employee Stock Purchase Program.

Summary

• David Johanson, a Senior Vice President at Great Lakes Dredge & Dock Corp., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On March 5, 2024, 453 shares of Common Stock were disposed of at a price of $8.7 due to tax obligations.
• Additionally, the filing reports the acquisition of 605.11 shares of Common Stock under the Company's Employee Stock Purchase Program.
• Following these transactions, Johanson beneficially owns 63,680.2594 shares of Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine stock transactions. The Employee Stock Purchase Program participation is a mildly positive signal.

Positives

• The acquisition of 605.11 shares through the Employee Stock Purchase Program indicates confidence in the company's future.

Future Outlook

The document does not contain any specific forward-looking statements.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading and provide investors with insights into the actions of company executives.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive stock ownership.

Key Dates