Form 4: Great Lakes Dredge & Dock Corp: Executive Vivienne Schiffer Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Vivienne Schiffer, SVP, CLO, CCO & Corp Secretary of Great Lakes Dredge & Dock Corp, reports acquisition and disposal of common stock on March 17, 2025, resulting in a net increase in holdings.
Summary
- On March 17, 2025, Vivienne Schiffer, an executive at Great Lakes Dredge & Dock Corp, reported changes in her beneficial ownership of the company's common stock.
- She acquired 14,043 shares and 10,402 shares through the satisfaction of performance conditions related to restricted stock units granted in March 2023 and March 2024, respectively.
- She disposed of 1,864 shares, 3,420 shares, 1,274 shares and 2,533 shares to cover tax obligations at a price of $8.7.
- Following these transactions, Ms. Schiffer directly owns 65,899 shares of Great Lakes Dredge & Dock Corp.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing primarily reflects routine transactions related to executive compensation and does not contain any overtly positive or negative information about the company's performance.
Positives
- The acquisition of shares indicates confidence in the company's performance and future prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 03/15/2023 | Date of grant for performance-based restricted stock units. |
| 03/15/2024 | Date of grant for performance-based restricted stock units. |
| 03/17/2025 | Date of transaction (acquisition and disposal of shares). |
| 03/18/2025 | Date of signature for the Form 4 filing. |
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