Wagner Patricia K 4
Research Summary
AI-generated summary
Apogee (APOG) Director Patricia Wagner Receives 2,741-Share Award
What Happened
- Patricia K. Wagner, a director of Apogee Enterprises, received an award of 2,741 restricted shares (transaction code A) on 2026-06-24. The grant is reported at $41.96 per share for a total value of $115,012. The shares were granted under the company’s 2019 Non-Employee Director Stock Plan and were gifted to a trust for the benefit of Wagner and her spouse (Wagner and spouse serve as trustees).
Key Details
- Transaction date: 2026-06-24; Form 4 filed: 2026-06-26 (appears timely).
- Price/value: $41.96 per share; total reported value $115,012.
- Vesting: Shares vest over three years, with one‑third vesting on each anniversary of the grant date.
- Plan: Restricted stock awards under the 2019 Non-Employee Director Stock Plan.
- Gift: Reporting person gifted the shares to a trust benefiting herself and her spouse; both are trustees.
- Shares owned after transaction: Not specified in the filing.
Context
- This was a grant of restricted stock (director compensation), not an open‑market purchase or sale—such awards are routine director pay and do not by themselves indicate a buy/sell signal.
- The gift to a trust controlled by the reporting person and spouse typically reflects estate/holding arrangements rather than a change in sentiment about the company.