Dycom (NYSE: DY) COO receives 3,942 RSUs vesting in three tranches from 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wetherington Kevin M reported acquisition or exercise transactions in this Form 4 filing.
Dycom Industries Executive VP & COO Kevin M. Wetherington received a grant of 3,942 restricted stock units (RSUs), each representing one share of DY common stock upon vesting. The RSUs vest in three equal annual installments beginning on March 30, 2027, and no consideration was paid for the award. Following this grant, Wetherington holds a total of 16,638 shares and RSUs of Dycom common stock directly, including unvested RSUs. This is a compensation-related equity award rather than an open-market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wetherington Kevin M
Role
Executive VP & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,942 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 16,638 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 equal annual installments beginning March 30, 2027. No consideration was paid for the RSUs. Includes unvested RSUs.
FAQ
What insider transaction did Dycom Industries (DY) report for Kevin Wetherington?
Dycom Industries reported that Executive VP & COO Kevin M. Wetherington received a grant of 3,942 restricted stock units. Each RSU converts into one share of common stock upon vesting, representing a stock-based compensation award rather than an open-market purchase.
What are the vesting terms of the 3,942 RSUs granted by Dycom (DY)?
The 3,942 RSUs granted to Kevin M. Wetherington vest in three equal annual installments starting on March 30, 2027. Each installment delivers Dycom common stock, tying his compensation to the company’s long-term performance over multiple years.
Did Kevin Wetherington pay cash for the Dycom (DY) RSU award reported on Form 4?
No, Kevin M. Wetherington did not pay cash consideration for the RSU award. The Form 4 footnotes state that no consideration was paid for the 3,942 restricted stock units, confirming this is a stock-based compensation grant provided by Dycom Industries.
Is the Dycom (DY) Form 4 for Kevin Wetherington a stock purchase or compensation grant?
The Dycom Form 4 for Kevin M. Wetherington reflects a compensation grant, not a stock purchase. It reports 3,942 restricted stock units awarded at zero cost, which will convert into Dycom common shares as they vest over three years starting in 2027.