Form 4: Great Lakes Dredge & Dock SVP David Johanson Reports Changes in Beneficial Ownership

David Johanson, SVP at Great Lakes Dredge & Dock, reports changes in beneficial ownership of company stock following recent transactions.

Summary

• On March 17, 2025, David Johanson, SVP at Great Lakes Dredge & Dock Corp, reported changes in his beneficial ownership of the company's common stock.
• These changes include the disposition of shares to cover tax obligations and the acquisition of shares through performance-based restricted stock units and the Employee Stock Purchase Program.
• Following these transactions, Johanson's direct ownership stands at 92,454.2594 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and employee benefits, indicating standard operational procedures.

Positives

• The acquisition of shares through performance-based restricted stock units suggests that performance targets were met, which is a positive indicator.
• Participation in the Employee Stock Purchase Program demonstrates confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates transactions related to compensation and employee stock purchase programs, which are common practices in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include performance-based restricted stock units to align management's interests with those of shareholders.
• Employee Stock Purchase Programs are a common benefit offered by many publicly traded companies, allowing employees to purchase company stock at a discounted rate.
• The specific terms of the restricted stock units (performance conditions, vesting schedules) would need to be compared to industry benchmarks to assess their competitiveness.

Stakeholder Impact

• The transactions have a minor impact on shareholders, reflecting standard compensation practices.
• Employees participating in the Employee Stock Purchase Program benefit from the opportunity to acquire company stock.

Key Dates