Form 4: Great Lakes Dredge & Dock Corp: Executive Vivienne Schiffer Reports Stock Transactions
SEC Form 4 Filing
Vivienne Schiffer, SVP, CLO, CCO & Corporate Secretary of Great Lakes Dredge & Dock Corp, reports acquisition and disposal of common stock and restricted stock units.
Summary
- On March 15, 2024, Vivienne Schiffer, SVP, CLO, CCO & Corporate Secretary of Great Lakes Dredge & Dock Corp, reported transactions involving the company's common stock.
- Schiffer acquired 7,752 shares of common stock related to performance-based restricted stock units granted on March 15, 2023.
- She also acquired 15,684 restricted stock units that vest in three equal annual installments beginning on March 15, 2025.
- Additionally, she disposed of 3,051 shares at $8.62 and 3,012 shares at $8.62 for unspecified reasons.
- Following these transactions, Schiffer directly owns 51,615 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The acquisition of shares due to performance conditions being met could be seen as a positive indicator of the company's performance.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- Shareholders may be interested in the transactions of company executives as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/15/2023 | Date of grant for performance-based restricted stock units. |
| 03/15/2024 | Date of stock transactions (acquisition and disposal). |
| 03/15/2025 | First vesting date for the newly acquired restricted stock units. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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