Great Lakes Dredge & Dock (GLDD) SVP equity grant and vesting date correction
Rhea-AI Filing Summary
GUNSTEN CHRISTOPHER reported acquisition or exercise transactions in this Form 4 filing.
Great Lakes Dredge & Dock Corp reported an amended insider transaction for SVP-Proj Svcs & Fleet Engineer Christopher Gunsten. He received a grant of 13,179 shares of Common Stock on May 8, 2025 at a stated price of $0.00 per share, bringing his direct holdings to 85,952 shares. The amendment corrects an administrative error in the original Form 4 by changing the reported vesting start date for the related Restricted Stock Units from March 15, 2026 to the correct date of May 8, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 13,179 shares
Net Buy
1 txn
Insider
GUNSTEN CHRISTOPHER
Role
SVP-Proj Svcs & Fleet Engineer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,179 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 85,952 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 for Christopher Gunsten?
Great Lakes Dredge & Dock reported that SVP-Proj Svcs & Fleet Engineer Christopher Gunsten received a grant of 13,179 shares of Common Stock on May 8, 2025. This award was recorded at a price of $0.00 per share as part of his compensation.
What error does this GLDD Form 4/A amendment correct?
The amended Form 4/A corrects an administrative error in the original filing regarding vesting. The initial report showed Restricted Stock Units vesting beginning March 15, 2026, but the correct vesting start date for these units is May 8, 2026.
Was the GLDD insider transaction a market purchase or a compensation grant?
The transaction was a compensation-related grant, not a market purchase. Christopher Gunsten acquired 13,179 shares of Common Stock at a stated price of $0.00 per share, categorized as a grant, award, or other acquisition rather than an open-market buy.
What role does Christopher Gunsten hold at Great Lakes Dredge & Dock?
Christopher Gunsten serves as an officer of Great Lakes Dredge & Dock with the title SVP-Proj Svcs & Fleet Engineer. His Form 4/A filing reflects equity compensation associated with this senior leadership position rather than routine trading activity.
How is the GLDD insider transaction classified in the Form 4/A data?
The transaction is classified as a non-derivative acquisition with code “A,” indicating a grant, award, or other acquisition. The filing’s summary shows one acquisition transaction, no sales, and no derivative exercises for this reporting date.