Form 4: Great Lakes Dredge & Dock Corp: Executive William H. Hanson Reports Changes in Beneficial Ownership
SEC Form 4
William H. Hanson, SVP of Market Development at Great Lakes Dredge & Dock Corp, reports acquisition and disposal of common stock related to performance-based restricted stock units.
Summary
- On March 17, 2025, William H. Hanson, SVP of Market Development at Great Lakes Dredge & Dock Corp, reported changes in his beneficial ownership of the company's common stock.
- He disposed of 1,030 shares at a price of $8.70.
- He acquired 7,755 shares related to performance-based restricted stock units granted on March 15, 2023.
- He disposed of 1,889 shares at a price of $8.70.
- He disposed of 639 shares at a price of $8.70.
- He acquired 5,216 shares related to performance-based restricted stock units granted on March 15, 2024.
- He disposed of 1,271 shares at a price of $8.70.
- Following these transactions, Hanson directly owns 61,340 shares of Great Lakes Dredge & Dock Corp.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Positives
- The acquisition of shares indicates that performance conditions for restricted stock units were met, which could be viewed positively.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company executives and their confidence in the company's performance.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect changes in executive compensation and ownership.
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 on the report. |
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