4/A: Great Lakes Dredge & Dock Director Corrects Share Issuance in Amended SEC Filing

Sentiment:

SEC Filing


D. Michael Steuert, a director at Great Lakes Dredge & Dock, files an amendment to a Form 4, correcting the number of shares issued due to an administrative error.

Worse than expectedThe document indicates a correction to a previous filing due to an administrative error, suggesting a potential lapse in internal controls or reporting accuracy.

Summary

  • D. Michael Steuert, a director of Great Lakes Dredge & Dock CORP [GLDD], filed an amended Form 4 with the SEC on April 28, 2025.
  • The amendment corrects the number of shares issued in the original filing, which was overstated due to an administrative error.
  • The corrected filing shows that Steuert acquired 2,759 shares of common stock on March 31, 2025, at a price of $0.
  • Following the transaction, Steuert beneficially owns 89,209 shares of Great Lakes Dredge & Dock common stock directly.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative due to the need for an amendment to correct an error in the original filing. While the correction itself is a positive step towards accuracy, the initial error raises concerns.

Stakeholder Impact

  • The correction of the share issuance impacts shareholders by ensuring accurate reporting of beneficial ownership.
  • The administrative error may raise concerns among stakeholders regarding the company's internal controls.

Key Dates

DateDescription
03/31/2025Date of transaction where shares were acquired.
04/01/2025Date of original filing that was amended.
04/28/2025Date of the amended filing.

Keywords

Form 4, amendment, beneficial ownership, GLDD, Great Lakes Dredge & Dock, Steuert, director, shares, SEC filing

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