Great Lakes Dredge (GLDD) amends Form 4 on CEO stock grant
Rhea-AI Filing Summary
Petterson Lasse reported acquisition or exercise transactions in this Form 4 filing.
Great Lakes Dredge & Dock Corp reported that CEO and President Lasse Petterson received a grant of 125,145 shares of Common Stock at no cash cost, increasing his directly held stake to 1,159,377.29 shares after the transaction.
This is an amended Form 4 that corrects an administrative error in a prior filing. The company clarifies that the related Restricted Stock Units begin vesting on May 8, 2026, rather than the previously reported March 15, 2026 vesting date.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 125,145 shares
Net Buy
1 txn
Insider
Petterson Lasse
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 125,145 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 1,159,377.29 shares (Direct)
Footnotes (1)
- F1. This Form 4/A is being filed to correct an administrative error in the original Form 4 filed on May 12, 2025 in which the vesting date for the Restricted Stock Units was inadvertently reported as beginning on March 15, 2026. The correct vesting date begins on May 8, 2026.
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FAQ
What insider transaction did GLDD report in this amended Form 4?
Great Lakes Dredge & Dock reported an amended insider transaction where CEO Lasse Petterson received a grant of 125,145 shares of Common Stock. The amendment also clarifies the vesting schedule for related Restricted Stock Units tied to this equity award.
Why did Great Lakes Dredge & Dock file this Form 4/A amendment?
The amendment corrects an administrative error in a prior Form 4, specifically the vesting start date for the associated Restricted Stock Units. The correct vesting date begins on May 8, 2026, replacing the previously reported March 15, 2026 date.
What vesting change for GLDD Restricted Stock Units is disclosed here?
The company states that the Restricted Stock Units tied to this award will begin vesting on May 8, 2026. This replaces an earlier disclosure that incorrectly listed March 15, 2026 as the initial vesting date for those units.