Form 4: Great Lakes Dredge & Dock Director Sells Shares

Kathleen M. Shanahan, a director at Great Lakes Dredge & Dock Corp, sold 23,238 shares of common stock on November 11, 2024.

Summary

• Kathleen M. Shanahan, a director at Great Lakes Dredge & Dock Corp, sold 23,238 shares of common stock.
• The sale occurred on November 11, 2024.
• The shares were sold at a weighted average price of $12.632 per share.
• The sale was executed in multiple transactions with prices ranging from $12.62 to $12.66 per share.
• Following the transaction, Ms. Shanahan beneficially owns 67,675 shares of Great Lakes Dredge & Dock Corp.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of a stock sale by a director, which is neither positive nor negative for the company's performance. It is a neutral event.

Industry Context

This is a routine disclosure of a stock sale by a company director, which is a common occurrence in the public markets. It does not indicate any specific trend in the dredging industry.

Comparison to Industry Standards

• Insider trading disclosures are a standard practice for all publicly listed companies.
• The sale of shares by a director is not unusual and is often part of personal financial planning.
• The volume of shares sold is not significant enough to indicate a major shift in the company's outlook.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but it is not expected to significantly affect the company's operations or financial health.

Key Dates

Keywords

insider trading, share sale, director, GLDD, Great Lakes Dredge & Dock Corp, stock transaction