Form 4: Great Lakes Dredge & Dock Director Ronald Steger Reports Changes in Beneficial Ownership

Director Ronald Steger reports acquisition of deferred stock units in Great Lakes Dredge & Dock Corp.

Summary

• On June 28, 2024, Ronald Steger, a director of Great Lakes Dredge & Dock CORP, reported changes in his beneficial ownership of the company's securities.
• Steger acquired 2,692 deferred stock units (DSUs) under the company's Director Deferral Plan.
• These DSUs will be payable in common stock on a 1-for-1 basis when Steger's board service ends.
• Following the transaction, Steger directly owns 37,404 shares of common stock and 29,254 deferred stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction. The acquisition of stock units by a director is generally viewed as a positive sign, but it's not a major event.

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 on a 1-for-1 basis on the date upon which Mr. Steger's board service ends.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common practice in publicly traded companies.

Stakeholder Impact

• The acquisition of deferred stock units by a director could have a slightly positive impact on shareholder sentiment.

Key Dates