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

Ryan Bayer, VP & CAO of Great Lakes Dredge & Dock Corp., reports acquisition and disposal of company stock on March 15, 2024.

Summary

• On March 15, 2024, Ryan Bayer, VP & CAO of Great Lakes Dredge & Dock Corp., engaged in stock transactions.
• Bayer disposed of 544 shares of common stock at a price of $8.62.
• Bayer acquired 9,771 shares of common stock.
• Following these transactions, Bayer beneficially owns 14,227 shares of Great Lakes Dredge & Dock Corp.
• The acquired shares represent restricted stock units that vest in three equal annual installments beginning on March 15, 2025.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard reporting of stock transactions. The acquisition of shares could be seen as slightly positive, but it's part of a pre-determined compensation plan.

Positives

• The acquisition of 9,771 shares, even as restricted stock units, indicates a continued stake in the company's future.

Future Outlook

The reporting person will receive restricted stock units that vest in three equal annual installments beginning on March 15, 2025.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the transactions of a high ranking officer within the company.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are part of standard executive compensation and do not represent a significant shift in ownership.

Key Dates