Form 4: Great Lakes Dredge & Dock Corp: Officer Gunsten Christopher Reports Stock Disposal
SEC Form 4 Filing
Christopher Gunsten, SVP-Proj Svcs & Fleet Engineer at Great Lakes Dredge & Dock Corp, disposed of 640 shares of common stock on May 6, 2024, to cover tax obligations.
Summary
- On May 6, 2024, Christopher Gunsten, an officer at Great Lakes Dredge & Dock Corp (GLDD), disposed of 640 shares of common stock.
- The transaction was executed at a price of $7.04 per share.
- This disposal was related to covering tax obligations.
- Following the transaction, Gunsten directly owns 57,657 shares of GLDD common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock disposal for tax purposes, so it doesn't indicate a particularly positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in stock transactions by company insiders. This allows the public to monitor the actions of company officers and directors.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Date of stock disposal transaction |
| 05/07/2024 | Date of signature on the Form 4 filing |
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