David Dolby (NYSE: DLB) receives 3,908 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dolby Laboratories director and 10% owner David Dolby received an equity award of 3,908 restricted stock units (RSUs) of Class A common stock on February 3, 2026. The RSUs were granted at a price of $0 per unit under the company’s 2020 Stock Plan.
Each RSU represents a contingent right to receive one share of Class A common stock that will vest on the earlier of the first anniversary of the grant date or the date immediately preceding Dolby’s 2027 annual stockholders’ meeting, as long as he continues to serve on the board. After this award, he beneficially owns 92,718 Class A shares, including the 3,908 unvested RSU shares that are subject to forfeiture until they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dolby David
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,908 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 92,718 shares (Direct)
Footnotes (1)
- Award represents a total of 3,908 restricted stock units granted under the terms of the Issuer's 2020 Stock Plan. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting, which will occur on the earlier of (i) the first anniversary of the date of grant or (ii) the date immediately preceding the date of Issuer's 2027 annual meeting of stockholders, provided that, in either case, the Reporting Person continues to serve as a member of the Issuer's board of directors on such date. Shares held following the reported transactions include 3,908 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
FAQ
What did the Form 4 filing report for Dolby (DLB)?
The filing reports that director and 10% owner David Dolby was granted 3,908 restricted stock units of Dolby Class A common stock at $0 per unit, under the 2020 Stock Plan, with vesting tied to continued board service through a specified future date.
What are the vesting terms of David Dolby’s 3,908 Dolby (DLB) RSUs?
The 3,908 restricted stock units vest on the earlier of the first anniversary of the February 3, 2026 grant date or the date immediately preceding Dolby’s 2027 annual stockholders’ meeting, provided David Dolby continues serving as a member of the board on that vesting date.
What type of security was granted in this Dolby (DLB) Form 4?
The Form 4 shows a grant of 3,908 restricted stock units tied to Dolby’s Class A common stock. Each unit represents a contingent right to receive one share of Class A common stock if the specified vesting conditions are met in the future.
Was this Dolby (DLB) insider transaction a purchase or an award?
The transaction was an award coded as “A,” reflecting a grant of 3,908 restricted stock units at $0 per unit under Dolby’s 2020 Stock Plan, rather than an open-market purchase of shares for cash consideration by David Dolby.
Are David Dolby’s new Dolby (DLB) RSUs immediately owned free and clear?
No. The 3,908 restricted stock units are subject to vesting conditions and potential forfeiture. They only convert into Dolby Class A common shares once vesting occurs, assuming David Dolby continues serving on the board through the required vesting date.