Dycom (DY) VP & CAO Heather Floyd receives 1,918 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Floyd Heather M reported acquisition or exercise transactions in this Form 4 filing.
Dycom Industries reported that VP & CAO Heather M. Floyd received an equity compensation grant of 1,918 restricted stock units (RSUs) of common stock. These RSUs vest in three substantially equal annual installments beginning on March 30, 2027, and no cash consideration was paid for the grant.
After this award, Floyd holds 4,574 shares and RSUs directly, including unvested RSUs. Each RSU represents a contingent right to receive one share of Dycom common stock when it vests, aligning a portion of her compensation with the company’s future performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Floyd Heather M
Role
VP & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,918 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,574 shares (Direct)
Footnotes (1)
- Restricted Stock Units ("RSUs") granted by the Issuer to the Reporting Person. Each RSU represents a contingent right to acquire one (1) share of Dycom Industries, Inc. common stock par value $0.33 1/3 per share ("DY common stock") upon vesting. The RSUs vest in three substantially equal annual installments beginning March 30, 2027. No consideration was paid for the RSUs. Includes unvested RSUs.
FAQ
What insider transaction did Dycom (DY) report for Heather M. Floyd?
Dycom reported that VP & CAO Heather M. Floyd received 1,918 restricted stock units as equity compensation. Each RSU represents a right to one share of common stock, subject to future vesting conditions and continued service.
How do the new RSUs granted to Dycom (DY) executive Heather Floyd vest?
The 1,918 restricted stock units granted to Heather Floyd vest in three substantially equal annual installments starting March 30, 2027. This schedule spreads the award over several years, encouraging long-term alignment with Dycom’s performance and ongoing employment with the company.
Did Heather Floyd pay any cash for the Dycom (DY) RSU grant?
No cash was paid for the 1,918 restricted stock units granted to Heather Floyd. The RSUs were awarded as part of her compensation package, meaning they represent additional potential equity value without an upfront purchase price from the executive.
What does each Dycom (DY) restricted stock unit granted to Heather Floyd represent?
Each restricted stock unit granted to Heather Floyd represents a contingent right to receive one share of Dycom common stock. The shares are only delivered when the RSUs vest, so the grant ties part of her compensation to future company performance and tenure.