Item 7.01 Regulation FD Disclosure.
On September 21, 2020, Joseph F. Puishys, Chief Executive Officer of Apogee
Enterprises, Inc. ("Apogee"), entered into a trading plan in accordance with
Rule 10b5-1 of the Securities Exchange Act, under which he intends to exercise
up to 100,341 stock options and sell the underlying shares of Apogee common
stock, subject to specified price limits, beginning November 6, 2020 and
continuing from time to time through August 21, 2021. The stock options were
granted on August 22, 2011 and will be forfeited if not exercised on or prior to
August 21, 2021.
Mr. Puishys currently holds 282,635 shares of Apogee common stock, well in
excess of Apogee's stock holding guideline of five times his base salary, in
addition to the 100,341 stock options subject to the trading plan and other
non-vested equity awards. This process will facilitate orderly exercise of his
stock options and sale of common stock to minimize any market impact and avoid
any concerns about the timing of the transactions.
Rule 10b5-1 and our insider trading policy permit individuals who are not then
in possession of material non-public information to establish pre-arranged plans
to trade stock. The rule allows individuals to buy or sell shares of stock in
the future pursuant to the parameters set forth in the 10b5-1 plan, regardless
of any subsequent material non-public information.
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