Daktronics (DAKT) awards 7,076 RSUs to VP Wendler with 2027 vesting start
Rhea-AI Filing Summary
Wendler Brett David reported acquisition or exercise transactions in this Form 4 filing.
Daktronics, Inc. reported that VP of Design & Development Brett David Wendler received a grant of 7,076 Restricted Stock Units (RSUs) on July 14, 2026, at a reported transaction price of $0.0000 per unit under the 2025 Stock Incentive Plan. Each RSU represents a contingent right to receive one share of common stock and will vest in four equal annual installments beginning August 23, 2027, subject to vesting, forfeiture, and termination provisions. Following this award, he beneficially owns an aggregate of 27,026 unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wendler Brett David
Role
VP of Design & Development
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2, F3 | 7,076 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 27,026 shares (Direct)
Footnotes (3)
- F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Daktronics, Inc. common stock.
- F2. 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.
- F3. 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) 908 unvested RSUs granted September 9, 2024; (v) 8,652 unvested RSUs granted March 5, 2025; (vi) 8,152 unvested RSUs granted July 28, 2025; and (vii) 7,076 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: 7,076 RSUs
Transaction Price: $0.0000 per unit
Total Unvested RSUs Held: 27,026 RSUs
+2 more
5 metrics
RSUs Granted
7,076 RSUs
Restricted Stock Units granted to Brett David Wendler on July 14, 2026
Transaction Price
$0.0000 per unit
Reported transaction price per RSU for the July 14, 2026 grant
Total Unvested RSUs Held
27,026 RSUs
Aggregate unvested RSUs beneficially owned by Brett David Wendler after the grant
Vesting Installments
4 annual installments
RSUs vest in four equal annual installments beginning August 23, 2027
Initial Vesting Date
August 23, 2027
First vesting date for the 7,076 RSUs granted July 14, 2026
Key Terms
Restricted Stock Units, Stock Incentive Plan, beneficially owned, vesting, forfeiture, and termination provisions
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
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.
Stock Incentive Plan financial
"Represents RSUs granted under the Daktronics, Inc. 2025 Stock Incentive Plan."
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
beneficially owned financial
"The number of derivative securities beneficially owned represents the aggregate number"
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.
vesting, forfeiture, and termination provisions 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 Brett David Wendler?
Daktronics reported that VP of Design & Development Brett David Wendler received a grant of 7,076 Restricted Stock Units on July 14, 2026. These RSUs are compensation-based awards, not an open-market stock purchase or sale, and increase his total unvested RSU holdings to 27,026 units.
How many Restricted Stock Units were granted to the Daktronics (DAKT) executive and on what date?
Brett David Wendler was granted 7,076 Restricted Stock Units on July 14, 2026. Each RSU represents a contingent right to receive one share of Daktronics common stock, with the entire award subject to a specified vesting schedule and standard forfeiture and termination provisions.
What is the vesting schedule for the new RSU grant at Daktronics (DAKT)?
The 7,076 RSUs granted to Brett David Wendler vest in four equal annual installments beginning on August 23, 2027. Vesting remains subject to applicable vesting, forfeiture, and termination provisions contained in the underlying award agreements and the 2025 Stock Incentive Plan.
What is Brett David Wendler’s total unvested RSU position at Daktronics (DAKT) after this grant?
After the July 14, 2026 grant, Brett David Wendler beneficially owns an aggregate of 27,026 unvested RSUs. This total includes the new 7,076-unit award and several prior RSU grants from 2021 through 2025, all vesting at varying times under their award agreements.
Under which plan were the new Daktronics (DAKT) RSUs granted to Brett David Wendler?
The 7,076 RSUs granted on July 14, 2026 were issued under the Daktronics, Inc. 2025 Stock Incentive Plan. The plan governs the award’s vesting in four annual installments starting August 23, 2027, plus applicable forfeiture and termination conditions for the RSUs.
Do the Daktronics (DAKT) RSUs granted to Brett David Wendler require a purchase price?
No cash purchase price was indicated; the RSUs were reported with a transaction price of $0.0000 per unit. Each Restricted Stock Unit instead represents a contingent right to receive one share of Daktronics common stock upon vesting under the plan’s and award’s conditions.