JOHANSON DAVID 4
4 · Great Lakes Dredge & Dock CORP · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Great Lakes Dredge (GLDD) SVP David Johanson Receives Award, Shares Withheld
What Happened
David Johanson, Senior VP — Project Acquisition & Operations at Great Lakes Dredge & Dock (GLDD), was awarded a total of 21,090 performance-based restricted stock units (RSUs) that vested on March 16, 2026 (12,646 and 8,444 shares). To satisfy tax withholding obligations, a total of 7,825 shares were withheld at a reported value of $16.93 per share, representing approximately $132,477. Net shares issued to Mr. Johanson after withholding: 13,265.
Key Details
- Transaction date: 2026-03-16 (Form filed 2026-03-18). No late filing indicated.
- Awards: 12,646 shares (code A) and 8,444 shares (code A) — total 21,090 shares awarded.
- Withheld for taxes (code F): 1,659; 3,080; 1,029; and 2,057 shares — total 7,825 shares at $16.93/share; total value withheld ≈ $132,477.
- Net shares retained by insider: 13,265 (21,090 − 7,825).
- Footnotes: F1 = RSUs granted March 15, 2023; F2 = RSUs granted March 15, 2024. The "F" transactions represent share withholding to cover tax liabilities, not open-market sales.
Context
These transactions are the vesting and settlement of performance-based RSUs. The withholding of shares to cover taxes is a common administrative step (a cashless/stock-withholding settlement) and should not be interpreted as an open-market sale indicating negative sentiment. Awards like these reflect compensation tied to prior performance periods rather than a new purchase by the insider.
Insider Transaction Report
- Tax Payment
Common Stock
2026-03-16$16.93/sh−1,659$28,087→ 104,292.259 total - Award
Common Stock
[F1]2026-03-16+12,646→ 116,938.259 total - Tax Payment
Common Stock
2026-03-16$16.93/sh−3,080$52,144→ 113,858.259 total - Tax Payment
Common Stock
2026-03-16$16.93/sh−1,029$17,421→ 112,829.259 total - Award
Common Stock
[F2]2026-03-16+8,444→ 121,273.259 total - Tax Payment
Common Stock
2026-03-16$16.93/sh−2,057$34,825→ 119,216.259 total
Footnotes (2)
- [F1]Represents shares awarded pursuant to satisfaction of performance conditions per the terms of Mr. Johanson's performance-based restricted stock units granted on March 15, 2023.
- [F2]Represents shares awarded pursuant to satisfaction of performance conditions per the terms of Mr. Johanson's performance-based restricted stock units granted on March 15, 2024.