Dycom (DY) director Peter Pruitt receives 331 RSUs, holds 15,645 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dycom Industries director Peter T. Pruitt Jr. reported receiving a grant of 331 shares of common stock in the form of restricted stock units (RSUs). No cash was paid for this award, which is part of his equity compensation.
Each RSU converts into one share of Dycom common stock when it vests. 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, Pruitt holds 15,645 shares of common stock, including unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pruitt Peter T Jr
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 331 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 15,645 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
RSU grant size: 331 shares
Post-grant holdings: 15,645 shares
Grant price: $0.00 per share
+1 more
4 metrics
RSU grant size
331 shares
Restricted stock units awarded to director
Post-grant holdings
15,645 shares
Total common stock holdings after award, including unvested RSUs
Grant price
$0.00 per share
No consideration paid for RSU award
RSU vesting date
May 28, 2027
Vests on earlier of this date or next annual shareholder meeting
Key Terms
Restricted Stock Units ("RSUs"), contingent right, vesting, annual meeting of shareholders, +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.
consideration financial
"No consideration was paid for the RSUs."
FAQ
What did Dycom (DY) director Peter T. Pruitt Jr. report on this Form 4?
Peter T. Pruitt Jr. reported receiving 331 restricted stock units tied to Dycom common stock. These RSUs are part of his equity compensation and were awarded at no cash cost, increasing his total reported holdings to 15,645 shares, including unvested RSUs.
Is the Dycom (DY) Form 4 transaction a market purchase or sale?
The Form 4 shows an equity award, not a market trade. Pruitt received 331 restricted stock units as a grant, with no consideration paid. This is compensation-related and does not reflect an open-market buy or sell decision in Dycom shares.
When do Peter T. Pruitt Jr.’s new Dycom (DY) RSUs vest?
The 331 restricted stock units vest in one annual installment. Vesting occurs on the earlier of May 28, 2027 or the date of Dycom’s next annual shareholder meeting, at which point each RSU converts into one share of Dycom common stock.
Did Peter T. Pruitt Jr. pay anything for the Dycom (DY) RSU award?
No cash payment was made for the 331 restricted stock units. The filing explicitly states that no consideration was paid, indicating the RSUs are a share-based compensation grant from Dycom rather than a purchased position in the open market.