Dycom (DY) SVP and General Counsel receives 1,695 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
URNESS RYAN F reported acquisition or exercise transactions in this Form 4 filing.
Dycom Industries senior vice president, general counsel and secretary Ryan F. Urness received a grant of 1,695 restricted stock units of common stock as equity compensation. No cash was paid for this award, and each unit represents a right to one share upon vesting.
The restricted stock units vest in three substantially equal annual installments beginning on March 30, 2027, aligning the award with multi-year service. After this grant, Urness directly holds 38,376 shares of Dycom common stock, which the disclosure notes includes unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
URNESS RYAN F
Role
SVP, GC & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,695 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 38,376 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 Ryan F. Urness?
Dycom reported that Ryan F. Urness received a grant of 1,695 restricted stock units of common stock. This equity award is a form of compensation and does not involve any purchase or sale of shares in the open market.
How do the new restricted stock units for Dycom (DY) vest?
The 1,695 restricted stock units granted to Ryan F. Urness vest in three substantially equal annual installments. Vesting begins on March 30, 2027, meaning the award is spread over multiple years to encourage continued service and long-term alignment.
Did Ryan F. Urness pay for the Dycom (DY) restricted stock units?
No. The filing states that no consideration was paid for the restricted stock units. This indicates the RSUs were granted as part of compensation, rather than acquired through a cash purchase or other payment by the executive.
What does each Dycom (DY) RSU granted to Ryan F. Urness represent?
Each restricted stock unit represents a contingent right to receive one share of Dycom Industries common stock upon vesting. The units convert into actual shares only as vesting conditions are met, providing long-term incentive rather than immediate stock ownership.
Is the Dycom (DY) Form 4 transaction an open-market buy or sell?
No. The transaction is coded as a grant or award acquisition of restricted stock units, not an open-market trade. It reflects routine equity compensation rather than the executive independently buying or selling shares on the stock market.