Form 4: Great Lakes Dredge & Dock Director Lawrence R. Dickerson Reports Beneficial Ownership Changes

Director Lawrence R. Dickerson reports changes in beneficial ownership of Great Lakes Dredge & Dock CORP stock, including the acquisition of deferred stock units.

Summary

• On March 31, 2025, Lawrence R. Dickerson, a director of Great Lakes Dredge & Dock CORP, reported changes in his beneficial ownership of the company's stock.
• He acquired 5,740 Deferred Stock Units (DSUs) under the company's Director Deferral Plan.
• These DSUs are payable in common stock on a 1-for-1 basis when Mr. Dickerson's board service ends.
• Following the reported transaction, Mr. Dickerson beneficially owns 86,217 shares of common stock directly and 61,956 Deferred Stock Units.
• The filing was signed on April 1, 2025, by Vivienne R. Schiffer, by Power of Attorney.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating a director's compensation in the form of deferred stock units. It doesn't inherently suggest positive or negative sentiment, but rather reflects standard corporate practice.

Positives

• The acquisition of DSUs 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 on a 1-for-1 basis on the date upon which Mr. Dickerson's board service ends.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. They are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The change in beneficial ownership may have a minor impact on shareholders, as it reflects an increase in the director's stake in the company.

Key Dates

Keywords

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