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

Director Kathleen Shanahan reports acquisition of deferred stock units in Great Lakes Dredge & Dock Corp.

Summary

• Kathleen M Shanahan, a director of Great Lakes Dredge & Dock CORP, filed a Form 4 on April 1, 2025, reporting changes in beneficial ownership.
• The report indicates that Ms. Shanahan acquired 5,201 deferred stock units (DSUs) on March 31, 2025.
• These DSUs are payable in common stock on a 1-for-1 basis in three equal annual installments starting January 15, 2026.
• Following the reported transaction, Ms. Shanahan beneficially owns 70,524 shares of common stock directly and 10,899 derivative securities (DSUs).

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard regulatory filing. The acquisition of stock units by a director is mildly positive, suggesting confidence in the company.

Positives

• The acquisition of deferred stock units by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The deferred stock units will be payable in common stock in three equal annual installments beginning January 15, 2026.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings of company directors.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates a director's investment in the company.

Key Dates

Keywords

Form 4, beneficial ownership, Great Lakes Dredge & Dock, GLDD, deferred stock units, director, Kathleen Shanahan