Dycom Industries (DY) director awarded 331 RSUs, boosting holdings to 824 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dycom Industries director Philip R. Gallagher received an equity grant in the form of restricted stock units. The award covers 331 RSUs, each representing a contingent right to acquire one share of Dycom Industries common stock upon vesting. 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. No cash consideration was paid for this grant. Following this award, Gallagher’s reported direct holdings, including unvested RSUs, total 824 shares or share-equivalents.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GALLAGHER PHILIP R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 331 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 824 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 units
Vesting date: May 28, 2027
Holdings after grant: 824 shares
+2 more
5 metrics
RSUs granted
331 units
Restricted stock units awarded to director on May 28, 2026
Vesting date
May 28, 2027
RSUs vest on this date or the next annual meeting, whichever is earlier
Holdings after grant
824 shares
Total reported direct holdings including unvested RSUs after transaction
Grant price
$0.00 per unit
No consideration was paid for the restricted stock units
Security type
Common stock via RSUs
Each RSU represents a contingent right to one DY common share
Key Terms
Restricted Stock Units ("RSUs"), contingent right, vest, unvested RSUs
4 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"
vest financial
"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"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
unvested RSUs financial
"Includes unvested RSUs."
FAQ
What did Dycom Industries (DY) director Philip R. Gallagher report on this Form 4?
Philip R. Gallagher reported receiving 331 restricted stock units as equity compensation. Each RSU represents a contingent right to acquire one share of Dycom Industries common stock, increasing his total reported direct holdings to 824 shares, including unvested RSUs.
Is the Dycom Industries (DY) Form 4 transaction a market purchase or sale?
The Form 4 transaction is not a market trade; it is a grant of 331 restricted stock units as compensation. No cash consideration was paid, and the units convert into common shares only if and when they vest in the future.
When do Philip R. Gallagher’s Dycom (DY) restricted stock units vest?
The 331 Dycom restricted stock units 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, at which point each RSU can settle into one common share.
Did Philip R. Gallagher pay anything for the Dycom (DY) restricted stock units?
No. The filing states that no consideration was paid for the restricted stock units. The 331 RSUs were granted by Dycom Industries as compensation, providing a contingent right to receive common shares upon satisfaction of the vesting conditions.