Johnson Lloyd Emerson 4

What Happened
Johnson Lloyd Emerson, a member of the Board of Directors of Apogee Enterprises, received an award of 153 deferred restricted stock units (derivative) on March 31, 2026. The units are reported at a per-share value of $33.54, for a total reported value of $5,132. This was an award/grant (code A) under the company’s non-employee director plans — a compensation event rather than an open-market purchase.

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-01 (filed timely).
• Transaction type/code: Award/Grant (A); recorded as a derivative grant (deferred restricted stock units).
• Quantity and value: 153 units @ $33.54 each = $5,132 total.
• Shares owned after transaction: Not specified in this filing.
• Footnotes:
  • F1: Settled 1-for-1 (each deferred unit corresponds to one share when settled).
  • F2: These are additional deferred RSUs acquired via a dividend-equivalent reinvestment feature under the 2009 and 2019 Non-Employee Director Stock Plans.
  • F3: Deferred RSUs will be settled into common shares following the director’s board departure or other plan-specified events per the director’s election.

Context
Deferred restricted stock units are compensation and convert to actual shares later (here, typically upon board departure or other plan triggers). This award is routine director compensation and relatively small in dollar size (~$5.1K), so it should not be read as a strong buy/sell signal.