Daktronics (NASDAQ: DAKT) exec withholds shares at $19 after RSU vesting
Rhea-AI Filing Summary
Daktronics, Inc. (DAKT) reported that Brett David Wendler, VP of Design & Development, had multiple Restricted Stock Unit (RSU) vesting and conversion events on August 23, 2026. A total of 3,511 RSUs were exercised into an equal number of shares of common stock at a conversion price of $0.00 per share.
Of these, 852 shares of common stock were delivered or withheld at $19.00 per share to satisfy tax withholding obligations tied to the RSU vesting, with the balance retained as common stock. The RSUs relate to grants made between September 2, 2021 and July 28, 2025 under the Daktronics, Inc. 2020 Stock Incentive Plan, each vesting in four or five equal annual installments beginning on August 23 of the year following grant, subject to vesting and forfeiture provisions. Wendler also reports 16,918 shares of common stock held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,659 shares
Net Buy
16 txns
Insider
Wendler Brett David
Role
VP of Design & Development
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 500 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F4 | 500 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F5 | 246 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F6 | 227 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F7 | 2,038 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 500 | -- | -- |
| Tax Withholding | Common Stock F2 | 121 | $19.00 | $2K |
| Exercise | Common Stock F1 | 500 | -- | -- |
| Tax Withholding | Common Stock F2 | 121 | $19.00 | $2K |
| Exercise | Common Stock F1 | 246 | -- | -- |
| Tax Withholding | Common Stock F2 | 59 | $19.00 | $1K |
| Exercise | Common Stock F1 | 227 | -- | -- |
| Tax Withholding | Common Stock F2 | 55 | $19.00 | $1K |
| Exercise | Common Stock F1 | 2,038 | -- | -- |
| Tax Withholding | Common Stock F2 | 496 | $19.00 | $9K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 7,787 shares (Direct);
Common Stock — 47,179 shares (Direct);
Common Stock — 16,918 shares (Indirect, by 401k)
Footnotes (7)
- F1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Daktronics, Inc. common stock.
- F2. Represents the number of shares deemed withheld to satisfy tax withholding obligations upon vesting of RSUs previously granted to the Reporting Person.
- F3. Represents RSUs granted on 9/2/2021 under the Daktronics, Inc. 2020 Stock Incentive Plan. The RSUs vest in five equal installments beginning August 23, 2022, subject to certain vesting, forfeiture, and terminative provisions.
- F4. Represents RSUs granted on 9/8/2022 under the Daktronics, Inc. 2020 Stock Incentive Plan. The RSUs vest in five equal installments beginning August 23, 2023, subject to certain vesting, forfeiture, and terminative provisions.
- F5. Represents RSUs granted on 9/11/2023 under the Daktronics, Inc. 2020 Stock Incentive Plan. The RSUs vest in five equal installments beginning August 23, 2024, subject to certain vesting, forfeiture, and terminative provisions.
- F6. Represents RSUs granted on 9/9/2024 under the Daktronics, Inc. 2020 Stock Incentive Plan. The RSUs vest in five equal installments beginning August 23, 2025, subject to certain vesting, forfeiture, and terminative provisions.
- F7. Represents RSUs granted on 7/28/2025 under the Daktronics, Inc. 2020 Stock Incentive Plan. The RSUs vest in four equal installments beginning August 23, 2026, subject to certain vesting, forfeiture, and terminative provisions.
Key Figures
RSUs exercised: 3,511 shares
Shares for tax withholding: 852 shares
Tax withholding price: $19.00 per share
+3 more
6 metrics
RSUs exercised
3,511 shares
Total derivative exercises (code M) on August 23, 2026
Shares for tax withholding
852 shares
Code F transactions delivering or withholding shares for tax liability
Tax withholding price
$19.00 per share
Price on all code F tax-withholding dispositions
Indirect 401(k) holdings
16,918 shares
Common stock held indirectly by 401(k) after the reported transactions
Acquire transactions
5 transactions
Non-derivative common stock entries coded as acquired (A)
Dispose/tax transactions
5 transactions
Non-derivative common stock entries coded as dispositions (F) for tax withholding
Key Terms
Restricted Stock Unit, Daktronics, Inc. 2020 Stock Incentive Plan, tax withholding obligations, 401k
4 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Daktronics, Inc. 2020 Stock Incentive Plan financial
"Represents RSUs granted on 9/2/2021 under the Daktronics, Inc. 2020 Stock Incentive Plan"
tax withholding obligations financial
"Represents the number of shares deemed withheld to satisfy tax withholding obligations"
401k financial
"total_shares_following_transaction": "16918.0000" ... "nature_of_ownership": "by 401k""
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
FAQ
What insider stock activity did DAKT executive Brett Wendler report on this Form 4?
Brett David Wendler reported the exercise and vesting of 3,511 Restricted Stock Units into an equal number of Daktronics common shares on August 23, 2026, with a portion of the resulting shares delivered or withheld to cover related tax withholding obligations.
What RSU grants for DAKT does Brett Wendler reference and how do they vest?
RSUs were granted on September 2, 2021, September 8, 2022, September 11, 2023, September 9, 2024, and July 28, 2025 under the Daktronics, Inc. 2020 Stock Incentive Plan. They vest in four or five equal annual installments beginning on August 23 of the stated year, subject to forfeiture provisions.
Was Brett Wendler’s DAKT Form 4 filed under a Rule 10b5-1 trading plan?
No. The document-level Rule 10b5-1 checkbox is not checked, and the footnotes describe RSU grants and tax withholding but do not state that the reported transactions were executed under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
