Dave & Buster's (PLAY) grants RSUs, PSUs and options to CLO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dave & Buster's Entertainment, Inc. granted equity awards to Chief Legal Officer and Corporate Secretary Rachel Morgan. She received 126,050 shares of common stock as restricted stock units that vest in three installments on June 22, 2027, June 22, 2028 and June 22, 2029.
She was also granted 84,034 performance-based stock units under the company’s Inducement Plan and stock options covering 122,249 shares of common stock at an exercise price of $10.90 per share, expiring on June 23, 2036. These are compensation-related awards rather than open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Morgan Rachel
Role
Chief Legal Officer, Corp Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 122,249 | $10.90 | $1.33M |
| Grant/Award | Performance Shares SSS | 84,034 | $0.00 | -- |
| Grant/Award | Common Stock | 126,050 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 122,249 shares (Direct, null);
Performance Shares SSS — 84,034 shares (Direct, null);
Common Stock — 126,050 shares (Direct, null)
Footnotes (1)
- Represents a grant of RSU's that will vest in three installments of 42,017 shares on June 22, 2027, 42,017 shares on June 22, 2028 and 42,016 shares on June 22, 2029. Represents stock options granted to the reporting person under the Inducement Plan. The shares underlying these stock options will vest and become exercisable in substantially three equal installments on the Initial Price Achievement Date. Represents a grant of performance-based stock units ("PSUs") under the Issuer's Inducement Plan.
Key Figures
RSU grant: 126,050 shares
RSU vest 2027: 42,017 shares
RSU vest 2028: 42,017 shares
+5 more
8 metrics
RSU grant
126,050 shares
Restricted stock units vesting 2027–2029
RSU vest 2027
42,017 shares
Vesting on June 22, 2027
RSU vest 2028
42,017 shares
Vesting on June 22, 2028
RSU vest 2029
42,016 shares
Vesting on June 22, 2029
Performance stock units
84,034 units
PSUs under Inducement Plan
Stock options granted
122,249 options
Right to buy common stock
Option exercise price
$10.90 per share
Stock option strike price
Option expiration
June 23, 2036
Stock option expiry date
Key Terms
RSU, performance-based stock units ("PSUs"), Inducement Plan, stock options, +1 more
5 terms
RSU financial
"Represents a grant of RSU's that will vest in three installments"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
performance-based stock units ("PSUs") financial
"Represents a grant of performance-based stock units ("PSUs") under the Issuer's Inducement Plan"
Inducement Plan financial
"Represents stock options granted to the reporting person under the Inducement Plan"
An inducement plan is a program a company creates to encourage employees or new hires to stay or join by offering special benefits or rewards. It’s like a company giving extra bonuses or perks to persuade someone to choose their job over others, helping the company attract and keep talented workers.
stock options financial
"Represents stock options granted to the reporting person under the Inducement Plan"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
exercise price financial
"The shares underlying these stock options will vest and become exercisable"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What did Rachel Morgan receive in this Dave & Buster's (PLAY) Form 4 filing?
Rachel Morgan received equity-based compensation, including 126,050 restricted stock units, 84,034 performance-based stock units, and stock options for 122,249 shares at $10.90 per share, all tied to Dave & Buster’s common stock.
Are the Dave & Buster's (PLAY) insider transactions open-market buys or sells?
The transactions are grants of equity awards, not open-market buys or sells. They include restricted stock units, performance-based stock units, and stock options granted as part of compensation for the Chief Legal Officer.
How do the restricted stock units for Rachel Morgan at PLAY vest?
The 126,050 restricted stock units vest in three installments: 42,017 shares on June 22, 2027, 42,017 shares on June 22, 2028, and 42,016 shares on June 22, 2029, aligning vesting with multi-year service.
What stock option grant was reported for Rachel Morgan at Dave & Buster's?
Rachel Morgan was granted stock options for 122,249 shares of Dave & Buster’s common stock at an exercise price of $10.90 per share, with the options expiring on June 23, 2036, under the company’s Inducement Plan.
What are the performance-based stock units granted to Rachel Morgan at PLAY?
She received 84,034 performance-based stock units under the Issuer’s Inducement Plan. These PSUs are tied to Dave & Buster’s common stock and their ultimate payout depends on achieving specified performance conditions.