Form 4: Ryan Levenson Reports Changes in Beneficial Ownership of Great Lakes Dredge & Dock CORP (GLDD)

Ryan Levenson, a director of Great Lakes Dredge & Dock CORP, reports changes in beneficial ownership, including the acquisition of deferred stock units.

Summary

• Ryan Levenson, a director of Great Lakes Dredge & Dock CORP (GLDD), filed a Form 4 with the SEC.
• The report details changes in his beneficial ownership of the company's securities.
• Levenson indirectly owns 333,888 shares of common stock through Privet Fund LP.
• He also acquired 2,286 Deferred Stock Units (DSUs) on March 28, 2024, under the company's Director Deferral Plan.
• These DSUs will be payable in common stock on a 1-for-1 basis when his board service ends.
• Following the reported transactions, Levenson beneficially owns 119,072 derivative securities.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting changes in beneficial ownership. It doesn't inherently indicate 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. Levenson's board service ends.

Industry Context

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

Key Dates