Form 4: Great Lakes Dredge & Dock Director Lawrence Dickerson Acquires Deferred Stock Units

Great Lakes Dredge & Dock Corp. Director Lawrence R. Dickerson was granted 4,097 Deferred Stock Units, increasing his total DSU holdings to 66,053, payable in common stock upon the end of his board service.

Summary

• Lawrence R. Dickerson, a Director of Great Lakes Dredge & Dock Corp. (GLDD), acquired 4,097 Deferred Stock Units (DSUs).
• The DSUs were granted on June 30, 2025, and are convertible into common stock on a 1-for-1 basis.
• These DSUs will be paid out in common stock upon the termination of Mr. Dickerson's board service.
• Following this transaction, Mr. Dickerson beneficially owns 86,217 shares of common stock directly.
• His total beneficial ownership of Deferred Stock Units is now 66,053.

Sentiment

Score: 7

Explanation: The acquisition of Deferred Stock Units by a director is generally viewed positively as it aligns the director's long-term interests with those of the shareholders, indicating confidence in the company's future.

Positives

• Director Lawrence R. Dickerson acquired 4,097 Deferred Stock Units, aligning his interests with shareholders.

Negatives

• NA

Risks

• NA

Future Outlook

Deferred Stock Units granted to Director Lawrence R. Dickerson will be payable in common stock on a 1-for-1 basis upon the conclusion of his board service.

Industry Context

This Form 4 filing reflects a routine equity compensation grant to a director, a common practice across industries to align management and board interests with shareholder value.

Comparison to Industry Standards

• The grant of Deferred Stock Units (DSUs) to a director is a common form of equity compensation in publicly traded companies, aligning director incentives with long-term shareholder value.
• This practice is consistent with corporate governance standards observed in many industries, including the dredging and maritime construction sector where Great Lakes Dredge & Dock operates.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of equity to a director aligns their interests with shareholder value, potentially fostering decisions that benefit long-term stock performance.

Next Steps

• Deferred Stock Units will be converted to common stock upon the termination of Mr. Dickerson's board service.

Key Dates

Keywords

GLDD, Great Lakes Dredge & Dock, Form 4, Insider Transaction, Director, Deferred Stock Units, Equity Compensation