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

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

Summary

• Ronald Steger, a director of Great Lakes Dredge & Dock CORP, filed a Form 4 to report changes in beneficial ownership.
• The report indicates that Mr. Steger acquired 5,474 deferred stock units (DSUs) on March 31, 2025.
• These DSUs are payable in common stock on a 1-for-1 basis when Mr. Steger's board service ends.
• Following the reported transaction, Mr. Steger beneficially owns 25,404 shares of common stock directly and 39,066 deferred stock units.
• The DSUs were granted under the company's Director Deferral Plan.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

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 director, which is a common practice in publicly traded companies.

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

Form 4, Beneficial Ownership, Director, Ronald Steger, Great Lakes Dredge & Dock, GLDD, Deferred Stock Units, DSUs, Director Deferral Plan