4/A: Great Lakes Dredge & Dock Director Corrects Stock Unit Filing

Kathleen M. Shanahan, a director at Great Lakes Dredge & Dock CORP, amended a previous filing to correct the number of deferred stock units issued.

Summary

• Kathleen M. Shanahan, a director of Great Lakes Dredge & Dock CORP [GLDD], filed an amendment to a Form 4 related to changes in beneficial ownership.
• The amendment, filed on April 28, 2025, corrects the number of deferred stock units (DSUs) granted on March 31, 2025.
• The original filing overstated the number of shares due to an administrative error.
• The corrected filing shows that 2,902 DSUs were granted, which will be payable in common stock on a 1-for-1 basis in three equal annual installments beginning January 15, 2026.
• Following the reported transaction, Shanahan directly owns 8,600 shares.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting an administrative error. It doesn't indicate any significant positive or negative developments for the company.

Negatives

• The original filing contained an administrative error, overstating the number of shares issued.

Future Outlook

The DSUs will be payable in common stock on a 1-for-1 basis in three equal annual installments beginning January 15, 2026.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Key Dates

Keywords

Form 4, Amendment, Deferred Stock Units, Director, Beneficial Ownership, GLDD, Great Lakes Dredge & Dock