Form 4: Great Lakes Dredge & Dock Corp: Officer Beyko Eleni Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Eleni Beyko, SVP of Offshore Wind at Great Lakes Dredge & Dock Corp, disposed of 889 shares of common stock on May 6, 2024, to cover tax obligations.
Summary
- On May 6, 2024, Eleni Beyko, a Senior Vice President at Great Lakes Dredge & Dock Corp (GLDD), disposed of 889 shares of common stock.
- The transaction was executed to satisfy tax obligations.
- Following the transaction, Beyko directly owns 69,935 shares of GLDD common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to insider transactions and doesn't necessarily reflect a change in the company's outlook or strategy. It is common for executives to sell shares to cover tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares compared to the company's total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Date of stock disposal transaction |
| 05/07/2024 | Date of Form 4 filing |
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