Great Lakes Dredge & Dock (GLDD) SVP reports stock awards and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Great Lakes Dredge & Dock Corp’s SVP, Chief Legal Officer, Chief Compliance Officer and Corporate Secretary Vivienne Schiffer reported routine equity compensation activity in company common stock. On March 16, 2026, she received two stock awards of 14,213 and 10,454 shares, granted at no purchase price, following the satisfaction of performance conditions on performance-based restricted stock units granted in March 2023 and March 2024.
To cover tax obligations, a total of 10,125 shares were disposed of through tax-withholding transactions at $16.93 per share, which are not open-market sales. After these awards and related withholdings, Schiffer directly owned 115,872 shares of Great Lakes Dredge & Dock Corp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Schiffer Vivienne
Role
SVP, CLO, CCO & Corp Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,060 | $16.93 | $35K |
| Grant/Award | Common Stock | 14,213 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,461 | $16.93 | $59K |
| Tax Withholding | Common Stock | 2,058 | $16.93 | $35K |
| Grant/Award | Common Stock | 10,454 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,546 | $16.93 | $43K |
Holdings After Transaction:
Common Stock — 99,270 shares (Direct)
Footnotes (1)
- Represents shares awarded pursuant to satisfaction of performance conditions per the terms of Ms. Schiffer's performance-based restricted stock units granted on March 15, 2023. Represents shares awarded pursuant to satisfaction of performance conditions per the terms of Ms. Schiffer's performance-based restricted stock units granted on March 15, 2024.
FAQ
What did GLDD executive Vivienne Schiffer report in this Form 4 filing?
Vivienne Schiffer reported routine equity compensation activity. She received two stock awards of 14,213 and 10,454 GLDD common shares and had 10,125 shares withheld to cover taxes, all on March 16, 2026.
What is the significance of the performance-based RSUs mentioned for GLDD’s Vivienne Schiffer?
The filing explains that shares were awarded after performance conditions were satisfied on performance-based restricted stock units. These RSUs were originally granted on March 15, 2023 and March 15, 2024, tying equity compensation to company performance goals.
Were any of Vivienne Schiffer’s GLDD transactions open-market buys or sells?
No open-market buys or sells were reported. The Form 4 shows stock grants at no purchase price and F-code tax-withholding dispositions, where shares were delivered to cover tax obligations rather than sold in the market.