Form 4: Great Lakes Dredge & Dock Corp: Executive William H. Hanson Reports Stock Disposal
SEC Form 4 Filing
William H. Hanson, SVP of Market Development at Great Lakes Dredge & Dock Corp, disposed of 341 shares of common stock on March 5, 2024, to cover tax obligations.
Summary
- On March 5, 2024, William H. Hanson, SVP of Market Development at Great Lakes Dredge & Dock Corp, disposed of 341 shares of common stock.
- The transaction was executed at a price of $8.7 per share.
- Following the transaction, Hanson directly owns 44,216 shares of Great Lakes Dredge & Dock Corp.
- The disposal was related to covering tax obligations.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a change in the executive's confidence in the company.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in the company's stock. This transaction is a common occurrence where executives sell shares to cover tax obligations related to stock awards or option exercises.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a relatively small number of shares being sold by one executive.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of stock disposal transaction |
| 03/06/2024 | Date of signature on the Form 4 filing |
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