Dycom (NYSE: DY) CEO receives 6,899 RSUs in new equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Peyovich Daniel S reported acquisition or exercise transactions in this Form 4 filing.
Dycom Industries’ President & CEO Daniel S. Peyovich received 6,899 restricted stock units (RSUs) of common stock as a compensation award. Each RSU represents one share that will be delivered only after it vests, and no cash was paid for the award.
The RSUs vest in three substantially equal annual installments beginning on March 30, 2027, spreading the potential share delivery over three years. After this grant, Peyovich directly holds 54,985 shares of common stock, and an additional 10,000 shares are reported as held indirectly by a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Peyovich Daniel S
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,899 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 54,985 shares (Direct);
Common Stock — 10,000 shares (Indirect, By Trust)
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 its CEO?
Dycom reported that President & CEO Daniel S. Peyovich received 6,899 restricted stock units (RSUs) of common stock as a compensation award. The award involved no cash payment and increases his equity-based incentive alignment with the company’s long-term performance.
What are the vesting terms of the Dycom CEO’s new RSU award?
The 6,899 RSUs granted to Dycom’s CEO vest in three substantially equal annual installments starting March 30, 2027. Shares are only delivered upon vesting, meaning the full economic benefit is spread over three years, reinforcing longer-term retention and performance incentives.
Did Dycom’s CEO pay anything for the 6,899 RSUs reported?
No, the filing states that no consideration was paid for the RSUs granted to Dycom’s CEO. This indicates the award is part of his compensation package, structured as equity that will convert into common shares only as the units vest over time.
What does each Dycom RSU granted to the CEO represent?
Each restricted stock unit granted to Dycom’s CEO represents a contingent right to receive one share of Dycom Industries, Inc. common stock upon vesting. Until vesting occurs, the RSUs are not delivered as shares and do not function as freely tradable stock.