Form 4: Great Lakes Dredge & Dock Corp. SVP & CFO Kornblau Reports Acquisition of 25,058 Shares

Scott Lee Kornblau, SVP & CFO of Great Lakes Dredge & Dock Corp., reports acquiring 25,058 shares of common stock on May 8, 2025.

Summary

• On May 8, 2025, Scott Lee Kornblau, the SVP & CFO of Great Lakes Dredge & Dock Corp [GLDD], acquired 25,058 shares of common stock.
• Following the transaction, Kornblau directly owns 171,935.24 shares of GLDD.
• The acquired securities include restricted stock units that vest in three equal annual installments starting March 15, 2026.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing indicating an insider transaction. The acquisition of shares by an officer is generally viewed as a positive signal, but it's not overwhelmingly positive.

Positives

• The acquisition of shares by a high-ranking officer could be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

The restricted stock units vest in three equal annual installments beginning on March 15, 2026.

Industry Context

Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The acquisition of shares by a company officer may have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

GLDD, Great Lakes Dredge & Dock, Insider Trading, Form 4, Stock Acquisition, Kornblau, SVP & CFO