Form 4: Great Lakes Dredge & Dock Director Kathleen M. Shanahan Reports Beneficial Ownership Changes

Director Kathleen M. Shanahan reports changes in beneficial ownership of Great Lakes Dredge & Dock CORP stock, including the acquisition of deferred stock units.

Summary

• Kathleen M. Shanahan, a director of Great Lakes Dredge & Dock CORP, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• The report indicates that on December 31, 2024, Shanahan acquired 1,882 Deferred Stock Units (DSUs) under the company's Director Deferral Plan.
• These DSUs are payable in common stock on a 1-for-1 basis, in three equal annual installments starting January 15, 2025.
• Following the reported transaction, Shanahan directly owns 67,675 shares of common stock and 8,547 Deferred Stock Units.
• The price of the derivative security is $0.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. The acquisition of DSUs by a director can be seen as a slightly positive sign.

Positives

• The acquisition of DSUs by a director signals confidence in the company's future performance.

Future Outlook

The DSUs will be payable in common stock on a 1-for-1 basis in three equal annual installments beginning January 15, 2025.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a director at Great Lakes Dredge & Dock, a company in the dredging industry.

Stakeholder Impact

• The change in beneficial ownership may have a minor impact on shareholder sentiment.
• The acquisition of DSUs by a director could be viewed positively by stakeholders.

Next Steps

• Monitor future Form 4 filings to track changes in insider ownership.
• Await the annual installment payments of common stock for the Deferred Stock Units, beginning January 15, 2025.

Key Dates