Dycom (NYSE: DY) director granted 331 RSUs, total holdings 16,328 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gertel Eitan reported acquisition or exercise transactions in this Form 4 filing.
Dycom Industries director Eitan Gertel received an equity award in the form of restricted stock units (RSUs). The grant covers 331 RSUs, each representing a right to receive one share of Dycom Industries common stock when the units vest, with no cash paid by Gertel for the award.
The RSUs vest in a single installment on the earlier of May 28, 2027 or the date of the company’s next annual shareholder meeting. After this grant, Gertel holds 16,328 shares and RSUs of Dycom Industries common stock directly, including unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gertel Eitan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 331 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 16,328 shares (Direct, null)
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 one annual installment upon the earlier to occur of (i) May 28, 2027 or (ii) the date of the next annual meeting of shareholders of the Company. No consideration was paid for the RSUs. Includes unvested RSUs.
Key Figures
RSUs granted: 331 RSUs
Shares/RSUs after grant: 16,328 shares/units
Grant price: $0.00 per RSU
+1 more
4 metrics
RSUs granted
331 RSUs
Equity award to director Eitan Gertel
Shares/RSUs after grant
16,328 shares/units
Total direct holdings following transaction
Grant price
$0.00 per RSU
No consideration paid for RSUs
Vesting date trigger
May 28, 2027
Or earlier on next annual shareholder meeting date
Key Terms
Restricted Stock Units ("RSUs"), contingent right, vesting, unvested RSUs, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"Restricted Stock Units ("RSUs") granted by the Issuer to the Reporting Person."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
contingent right financial
"Each RSU represents a contingent right to acquire one (1) share of Dycom Industries, Inc. common stock"
vesting financial
"Each RSU represents a contingent right to acquire one (1) share ... upon vesting."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
unvested RSUs financial
"Includes unvested RSUs."
FAQ
What insider transaction did Dycom Industries (DY) director Eitan Gertel report?
Director Eitan Gertel reported receiving a grant of 331 restricted stock units (RSUs) of Dycom Industries common stock. These units are an equity award, not an open-market purchase, and were granted with no cash consideration paid by Gertel.
When do Eitan Gertel’s new Dycom (DY) RSUs vest?
The 331 Dycom RSUs awarded to director Eitan Gertel vest in one annual installment. Vesting occurs on the earlier of May 28, 2027 or the date of Dycom Industries’ next annual meeting of shareholders, according to the grant’s vesting terms.
Did Eitan Gertel pay cash for the Dycom (DY) RSU award?
No cash was paid for the RSUs granted to Eitan Gertel. The filing specifies that no consideration was paid for the 331 restricted stock units, confirming the award is a compensation-based equity grant rather than a purchase in the open market.
What does each Dycom (DY) RSU granted to Eitan Gertel represent?
Each RSU granted to Eitan Gertel represents a contingent right to receive one share of Dycom Industries common stock. The units convert into common shares only upon vesting, giving him future share ownership if vesting conditions are satisfied.