Daktronics (DAKT) grants VP 7,273 new RSUs vesting from 2027
Rhea-AI Filing Summary
Kurtenbach Matthew John reported acquisition or exercise transactions in this Form 4 filing.
Daktronics VP of Manufacturing Matthew John Kurtenbach was granted 7,273 Restricted Stock Units tied to common stock at $0.00 per unit. These RSUs vest in four equal annual installments beginning August 23, 2027. Following the grant, he holds 28,929 unvested RSUs in total.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kurtenbach Matthew John
Role
VP of Manufacturing
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 7,273 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 28,929 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Daktronics, Inc. common stock. Represents RSUs granted under the Daktronics, Inc. 2025 Stock Incentive Plan. The RSUs vest in four equal annual installments beginning August 23, 2027, subject to certain vesting, forfeiture, and termination provisions. The number of derivative securities beneficially owned represents the aggregate number of unvested restricted stock units beneficially owned by the reporting person following the reported transaction, consisting of: (i) 500 unvested RSUs granted September 2, 2021; (ii) 1,000 unvested RSUs granted September 8, 2022; (iii) 738 unvested RSUs granted September 11, 2023; (iv) 1,816 unvested RSUs granted September 9, 2024; (v) 9,211 unvested RSUs granted March 5, 2025; (vi) 8,391 unvested RSUs granted July 28, 2025; and (vii) 7,273 unvested RSUs granted July 14, 2026. Such awards vest at varying times pursuant to the terms of the applicable award agreements.
Key Figures
RSUs granted: 7,273 units
Transaction price per unit: $0.0000 per unit
Total unvested RSUs after grant: 28,929 units
+2 more
5 metrics
RSUs granted
7,273 units
Restricted Stock Units granted July 14, 2026 to VP of Manufacturing
Transaction price per unit
$0.0000 per unit
Reported price per Restricted Stock Unit in the grant
Total unvested RSUs after grant
28,929 units
Aggregate unvested RSUs beneficially owned following the transaction
Vesting schedule
four equal annual installments
Installment vesting structure for the 7,273 granted RSUs
Vesting commencement date
August 23, 2027
Date first installment of the 7,273 RSUs is scheduled to vest
Key Terms
Restricted Stock Units, 2025 Stock Incentive Plan, beneficially owned, forfeiture
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2025 Stock Incentive Plan financial
"Represents RSUs granted under the Daktronics, Inc. 2025 Stock Incentive Plan."
beneficially owned financial
"The number of derivative securities beneficially owned represents the aggregate"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
forfeiture financial
"subject to certain vesting, forfeiture, and termination provisions."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Daktronics (DAKT) report for Matthew John Kurtenbach?
Matthew John Kurtenbach received a grant of 7,273 Restricted Stock Units linked to Daktronics common stock at $0.00 per unit. The award is a stock-based incentive and increases his total unvested RSU holdings to 28,929 units.
How do the new Daktronics (DAKT) RSUs granted to Kurtenbach vest?
The 7,273 Daktronics RSUs granted to Kurtenbach vest in four equal annual installments starting August 23, 2027. Vesting remains subject to specified vesting, forfeiture, and termination provisions under the applicable award agreements.
What does each Restricted Stock Unit represent in the Daktronics (DAKT) grant?
Each Daktronics Restricted Stock Unit represents a contingent right to receive one share of Daktronics, Inc. common stock. Actual share delivery depends on meeting the vesting conditions and avoiding forfeiture or termination events described in the award terms.
How many unvested Daktronics (DAKT) RSUs does Kurtenbach hold after this grant?
After the July 14, 2026 grant, Kurtenbach beneficially owns 28,929 unvested RSUs. This total includes multiple prior grants from 2021 through 2025 plus the new 7,273-unit award, all vesting at different future dates.
Under which plan were the new Daktronics (DAKT) RSUs to Kurtenbach granted?
The 7,273 RSUs granted to Kurtenbach were issued under the Daktronics, Inc. 2025 Stock Incentive Plan. The plan governs vesting schedules, forfeiture rules, and other terms that apply to this and other restricted stock unit awards.