Great Lakes Dredge (NASDAQ: GLDD) SVP receives 18,035-share stock award
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Schiffer Vivienne reported acquisition or exercise transactions in this Form 4 filing.
Great Lakes Dredge & Dock reported that SVP, CLO, CCO & Corporate Secretary Vivienne Schiffer received a grant of 18,035 shares of common stock on May 8, 2025 at no cash cost as part of her compensation, bringing her direct holdings to 82,181 shares. This amended Form 4 corrects an administrative error in the original filing by updating the vesting start date for related restricted stock units from March 15, 2026 to the correct date of May 8, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schiffer Vivienne
Role
SVP, CLO, CCO & Corp Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,035 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 82,181 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did GLDD disclose for Vivienne Schiffer?
Great Lakes Dredge & Dock disclosed that SVP Vivienne Schiffer received a grant of 18,035 shares of common stock on May 8, 2025. The shares were awarded at no cash cost as part of her compensation package.
Why did Great Lakes Dredge & Dock file an amended Form 4 for GLDD?
The company filed an amended Form 4 to correct an administrative error in the original report. The amendment updates the vesting start date for the related restricted stock units to May 8, 2026 instead of March 15, 2026.
Was the GLDD insider transaction an open-market purchase or sale?
The transaction was not an open-market trade. It was a grant or award of 18,035 shares of Great Lakes Dredge & Dock common stock, given at a reported price of $0.00 per share as compensation.
What specific correction was made in the GLDD Form 4/A footnote?
The footnote explains that the original Form 4 incorrectly stated the restricted stock units would vest beginning March 15, 2026. The amended filing corrects this, stating vesting begins on May 8, 2026 instead.