Form 4: Great Lakes Dredge & Dock SVP Christopher Gunsten Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Christopher Gunsten, SVP of Project Services & Fleet Engineering at Great Lakes Dredge & Dock Corp, reports acquisition and disposal of common stock related to performance-based restricted stock units.
Summary
- On March 17, 2025, Christopher Gunsten, SVP of Project Services & Fleet Engineering at Great Lakes Dredge & Dock Corp, reported changes in his beneficial ownership of the company's common stock.
- He disposed of 1,863 shares, 3,418 shares, 1,155 shares and 2,298 shares at a price of $8.70.
- He acquired 12,495 shares and 8,402 shares pursuant to the satisfaction of performance conditions related to restricted stock units granted on March 15, 2023, and March 15, 2024, respectively.
- Following these transactions, Gunsten directly owns 73,695 shares of Great Lakes Dredge & Dock Corp.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing primarily reflects routine transactions related to executive compensation. The vesting of performance-based restricted stock units suggests that performance targets were met, which is mildly positive.
Positives
- The acquisition of shares indicates that performance conditions for restricted stock units were met, suggesting positive performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect changes in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 03/15/2023 | Date of grant for performance-based restricted stock units. |
| 03/15/2024 | Date of grant for performance-based restricted stock units. |
| 03/17/2025 | Date of transaction (acquisition and disposal of shares). |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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