[Form 4] APOGEE ENTERPRISES, INC. Insider Trading Activity
Rhea-AI Filing Summary
Apogee Enterprises director Donald A. Nolan received deferred equity awards on 09/30/2025: 62 phantom stock units and 179 deferred restricted stock units. Each unit is settled 1‑for‑1 into common stock and is shown at a per‑share value of $43.57. After these allocations, the reporting table lists 10,453 phantom stock units and 30,195 deferred restricted stock units beneficially owned by Mr. Nolan in direct form. The phantom units were granted under the Deferred Compensation Plan for Non‑Employee Directors and the deferred restricted stock units under the 2009 and 2019 Non‑Employee Director Stock Plans; both will convert to common shares upon events specified in those plans, such as the director’s termination from the board.
Positive
- 62 phantom stock units and 179 deferred restricted stock units were allocated, showing continued director alignment with shareholders
- Awards settle 1‑for‑1 into common shares, providing straightforward share conversion
- Dividend equivalent reinvestment increased unit counts, preserving value of deferred awards
Negative
- None.
Insights
Director received deferred equity grants that convert 1:1 to common shares.
These awards are standard non‑employee director compensation: 62 phantom units and 179 deferred restricted stock units were added on 09/30/2025. Both award types state 1‑for‑1 settlement into common stock and are governed by the board plans cited.
The grants include dividend reinvestment increments and remain in direct beneficial form totaling 10,453 and 30,195 units respectively; they will settle into shares upon plan‑specified events.
Awards reflect routine director deferred compensation mechanics, not option exercises.
The phantom stock units and deferred restricted stock units are equity‑linked deferred awards rather than exercised options, and the record shows a unit valuation of $43.57. The allocation method includes a dividend equivalent reinvestment feature that increased the unit counts.