Daktronics EVP’s 2,354 RSUs vest on retirement
Daktronics EVP Bradley Wiemann had accelerated RSU vesting tied to his retirement, with a portion of shares withheld to cover taxes.
Rhea-AI Filing Summary
DAKTRONICS INC (DAKT) reported that Executive Vice President Bradley T. Wiemann had Restricted Stock Units convert into common stock in connection with his retirement under a Termination Agreement. On September 5, 2026, a total of 2,354 RSUs vested into an equal number of common shares, with 569 shares of common stock withheld at $19.67 per share to satisfy tax withholding obligations. The RSUs from awards granted on September 7, 2022, September 11, 2023, and September 9, 2024 were all subject to accelerated vesting as of the September 5, 2026 Retirement Date, and the vested shares will be delivered to Wiemann as soon as practicable after vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,354 shares exercised/converted
Exercise
9 txns
Insider
Wiemann Bradley T
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 500 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F4 | 492 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F5 | 1,362 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 500 | -- | -- |
| Tax Withholding | Common Stock F2 | 121 | $19.67 | $2K |
| Exercise | Common Stock F1 | 492 | -- | -- |
| Tax Withholding | Common Stock F2 | 118 | $19.67 | $2K |
| Exercise | Common Stock F1 | 1,362 | -- | -- |
| Tax Withholding | Common Stock F2 | 330 | $19.67 | $6K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 129,019.723 shares (Direct)
Footnotes (5)
- 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. Pursuant to the Amended and Restated Termination Agreement and General Release of Claims entered into by and between Daktronics, Inc. and Bradley T. Wiemann effective 02/01/2026 (the "Termination Agreement"), the vesting of RSUs granted on 09/07/2022 was accelerated such that the unvested RSUs vested as of the 09/05/2026 (the "Retirement Date"). Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
- F4. Pursuant to the Termination Agreement, the vesting of RSUs granted on 09/11/2023 was accelerated such that the unvested RSUs vested as of the Retirement Date. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
- F5. Pursuant to the Termination Agreement, the vesting of RSUs granted on 09/09/2024 was accelerated such that the unvested RSUs vested as of the Retirement Date. Vested shares will be delivered to the reporting person as soon as practicable after the date of vesting.
Key Figures
RSUs vested and converted: 2,354 units/shares
Shares withheld for taxes: 569 shares
Tax withholding price per share: $19.67 per share
+3 more
6 metrics
RSUs vested and converted
2,354 units/shares
Total RSUs exercised (code M) into common stock on September 5, 2026
Shares withheld for taxes
569 shares
Common shares withheld (code F) to satisfy tax withholding obligations
Tax withholding price per share
$19.67 per share
Value used for shares withheld to cover tax obligations on September 5, 2026
RSU tranche 1
500 units/shares
RSUs linked to the September 7, 2022 grant vesting on the Retirement Date
RSU tranche 2
492 units/shares
RSUs linked to the September 11, 2023 grant vesting on the Retirement Date
RSU tranche 3
1,362 units/shares
RSUs linked to the September 9, 2024 grant vesting on the Retirement Date
Key Terms
Restricted Stock Units, Termination Agreement, tax withholding obligations, Retirement Date
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit ("RSU") represents the contingent right"
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.
Termination Agreement financial
"Pursuant to the Amended and Restated Termination Agreement"
A termination agreement is a written contract that formally ends a prior agreement between two or more parties and sets the terms for how obligations, payments, and rights are resolved when that relationship stops. It matters to investors because it can change a company’s future cash flows, liabilities, legal exposure and access to assets or services—like the paperwork you sign when you break a lease that also settles who pays what and who keeps what.
tax withholding obligations financial
"deemed withheld to satisfy tax withholding obligations upon vesting"
Retirement Date financial
"vested as of the 09/05/2026 (the "Retirement Date")"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity event did DAKT disclose for Executive Vice President Bradley Wiemann?
DAKT disclosed that Bradley T. Wiemann had 2,354 Restricted Stock Units vest and convert into an equal number of common shares on September 5, 2026, in connection with his retirement under a Termination Agreement.
Which DAKT RSU grants for Wiemann had their vesting accelerated?
The vesting of RSUs granted on September 7, 2022, September 11, 2023, and September 9, 2024 was accelerated so that previously unvested RSUs vested as of the September 5, 2026 Retirement Date under the Termination Agreement.
Was Bradley Wiemann’s Daktronics (DAKT) Form 4 filed under a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 plan is reported; the document-level checkbox for such a plan is explicitly unchecked.
AI-generated analysis. How Rhea-AI works. Not financial advice.
