Apogee Enterprises (APOG) director settles 2,883 deferred units to stock
Rhea-AI Filing Summary
Apogee Enterprises director Lloyd Emerson Johnson reported settling deferred restricted stock units into common shares. On January 2, 2026, he converted 2,883 deferred restricted stock units into the same number of Apogee common shares under the company’s non-employee director stock plans, in line with his prior election under the plan.
After this settlement, Johnson directly holds 10,014 shares of common stock and 19,111 deferred restricted stock units, which will be settled in stock after he leaves the board or upon other plan events. The transaction was reported as a code “M” (exercise or conversion) with a reported price of $0.00 per unit and share, reflecting the nature of the deferred stock unit settlement.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Restricted Stock Units | 2,883 | $0.00 | -- |
| Exercise | Common Stock | 2,883 | $0.00 | -- |
Footnotes (1)
- The deferred restricted stock units were settled in shares of common stock in accordance with the election of the reporting person as specified in the Plan. Settled -1 for -1. The deferred restricted stock units were allocated under the 2009 Non-Employee Director Stock Incentive Plan and the 2019 Non-Employee Director Stock Plan. The deferred restricted stock units will be settled in shares of common stock following the director's termination from the Board in accordance with the election of the reporting person or following the occurrence of other events specified in the Plan.
FAQ
What insider transaction did APOG report for Lloyd Emerson Johnson on January 2, 2026?
Apogee Enterprises reported that director Lloyd Emerson Johnson settled 2,883 deferred restricted stock units into 2,883 shares of common stock on January 2, 2026. The transaction was coded “M,” indicating a conversion of derivative securities into common stock.
What happens to the remaining deferred restricted stock units reported for APOG director Lloyd Emerson Johnson?
After the settlement of 2,883 units, Lloyd Emerson Johnson holds 19,111 deferred restricted stock units. According to the disclosure, these units will be settled in shares of common stock after his termination from the board or upon other events specified in the applicable stock plans and his prior election.
Under which Apogee Enterprises plans were the deferred restricted stock units granted to Lloyd Emerson Johnson?
The deferred restricted stock units were allocated under Apogee’s 2009 Non-Employee Director Stock Incentive Plan and the 2019 Non-Employee Director Stock Plan, as described in the footnotes.
Did Lloyd Emerson Johnson pay a cash exercise price for the Apogee deferred restricted stock units converted on January 2, 2026?
The Form 4 reports a price of $0.00 per unit and per share for the January 2, 2026 transaction, consistent with a settlement of deferred restricted stock units into common shares without a cash exercise price.
What does transaction code "M" mean in Lloyd Emerson Johnson’s Apogee (APOG) Form 4 filing?
In this filing, transaction code “M” indicates that deferred restricted stock units were converted or settled into common stock. Specifically, 2,883 deferred units were settled into 2,883 common shares of Apogee Enterprises.