Dycom (NYSE: DY) CFO receives 2,582 RSUs in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DeFerrari H Andrew reported acquisition or exercise transactions in this Form 4 filing.
Dycom Industries reported that SVP & CFO H. Andrew DeFerrari received an equity grant of 2,582 restricted stock units (RSUs). No cash was paid for this award, which is a form of stock-based compensation rather than an open-market purchase.
Each RSU represents the right to receive one share of Dycom common stock as it vests. The RSUs vest in three substantially equal annual installments beginning on March 30, 2027. Following this grant, DeFerrari directly holds 167,834 shares of Dycom common stock, which includes unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DeFerrari H Andrew
Role
SVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,582 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 167,834 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 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 CFO?
Dycom reported that SVP & CFO H. Andrew DeFerrari received 2,582 restricted stock units as equity compensation. Each RSU converts into one Dycom common share upon vesting, increasing his total direct holdings to 167,834 shares, including unvested RSUs.
Is the Dycom (DY) CFO’s Form 4 transaction an open-market stock purchase?
No, the transaction is not an open-market purchase. The CFO received 2,582 restricted stock units as a grant with no cash consideration paid, meaning the award is stock-based compensation that will convert into shares over time as it vests.
How do the Dycom (DY) CFO’s new RSUs vest over time?
The 2,582 restricted stock units granted to Dycom’s CFO vest in three substantially equal annual installments. Vesting begins on March 30, 2027, so the award will convert into Dycom common shares gradually over three years, subject to continued service and plan terms.
Did the Dycom (DY) CFO pay anything for the new restricted stock units?
No, the CFO did not pay any consideration for the new restricted stock units. The filing states that no consideration was paid for the RSUs, confirming the award is part of his compensation package rather than a voluntary cash investment in Dycom shares.
What type of security was involved in the Dycom (DY) CFO’s Form 4 filing?
The filing involves restricted stock units tied to Dycom common stock. Each RSU represents a contingent right to acquire one share of Dycom Industries, Inc. common stock with a par value of $0.33 1/3 per share upon satisfaction of vesting conditions starting March 30, 2027.