Dave & Buster's (PLAY) CFO receives options, cancels PSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dave & Buster's Entertainment, Inc. Chief Financial Officer Darin Harper reported compensation-related equity changes. On October 7, 2025, he was granted 22,026 restricted stock units that vest in three equal installments on July 14 of 2026, 2027 and 2028, bringing his direct common stock holdings to 102,498 shares.
He also received stock options for 22,026 shares at a $22.70 exercise price, 60,327 shares at a $22.70 exercise price, and 47,934 shares at a $34.05 exercise price, all expiring in 2035 and vesting based on time and stock-price performance hurdles. Separately, 41,477 performance-based restricted stock units granted in 2024 were canceled and returned to the issuer. The filing also corrects prior ownership totals that understated his holdings by 22,026 shares due to an administrative error.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Harper Darin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Stock Unit | 41,477 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 22,026 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 60,327 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 47,934 | $0.00 | -- |
| Grant/Award | Common Stock | 22,026 | $0.00 | -- |
Holdings After Transaction:
Performance Stock Unit — 0 shares (Direct);
Stock Option (Right to Buy) — 22,026 shares (Direct);
Common Stock — 102,498 shares (Direct)
Footnotes (1)
- Represents restricted stock units granted to the reporting person under the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan (the "Plan"). The restricted stock units will vest in three equal annual installments on each of July 14, 2026, 2027 and 2028. This Form 4 includes the corrected ownership total in Table I, Column 5. The Form 4s filed by the reporting person on December 23, 2025 and February 18, 2026 understated the ownership total in Table I, Column 5 by 22,026 shares due to an administrative error failing to account for the grant of the restricted stock units described further in Note (1). Represents the cancellation of the performance-based restricted stock units subject to stock price-based vesting conditions previously granted to the reporting person on June 24, 2024. Represents stock options granted to the reporting person under the Plan. The shares underlying these stock options will vest and become exercisable in three equal annual installments on each of July 14, 2026, 2027 and 2028. Represents stock options granted to the reporting person under the Plan. The stock options will become earned upon the first date (the "2X Attainment Date") occurring before February 1, 2028 on which the 60-day trailing volume weighted average closing price ("VWAP") of the shares of common stock, $0.01 par value per share (the "Common Stock"), of Dave & Buster's Entertainment, Inc. (the "Issuer") is greater than or equal to $64.12. After the 2X Attainment Date, the shares underlying these stock options will vest and become exercisable on either the first or the second anniversary of the 2X Attainment Date depending on the Issuer's 60-day trailing VWAP on the first anniversary of the 2X Attainment Date. Represents stock options granted to the reporting person under the Plan. The stock options will become earned upon the first date (the "3X Attainment Date") occurring before February 1, 2028 on which the 60-day trailing VWAP of the Common Stock is greater than or equal to $96.18. After the 3X Attainment Date, the shares underlying these stock options will vest and become exercisable on either the first or the second anniversary of the 3X Attainment Date depending on the Issuer's 60-day trailing VWAP on the first anniversary of the 3X Attainment Date.
Key Figures
RSU grant: 22,026 shares
Common stock holdings: 102,498 shares
Performance RSUs canceled: 41,477 units
+5 more
8 metrics
RSU grant
22,026 shares
Restricted stock units vesting in three installments on July 14, 2026, 2027 and 2028
Common stock holdings
102,498 shares
Direct PLAY common stock ownership after the reported RSU grant
Performance RSUs canceled
41,477 units
Performance-based restricted stock units canceled and returned to issuer from a June 24, 2024 grant
Stock options at $22.70
82,353 options
Options for 22,026 and 60,327 shares with a $22.70 exercise price expiring in 2035
Stock options at $34.05
47,934 options
Options with a $34.05 exercise price expiring in 2035
VWAP hurdle 2X
$64.12 VWAP
Options become earned if 60-day trailing VWAP reaches at least $64.12 before February 1, 2028
VWAP hurdle 3X
$96.18 VWAP
Additional options become earned if 60-day trailing VWAP reaches at least $96.18 before February 1, 2028
Ownership correction
22,026 shares
Prior Form 4s understated holdings by 22,026 shares due to an administrative error
Key Terms
restricted stock units, performance-based restricted stock units, 60-day trailing VWAP, Omnibus Incentive Plan, +1 more
5 terms
restricted stock units financial
"Represents restricted stock units granted to the reporting person under the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based restricted stock units financial
"Represents the cancellation of the performance-based restricted stock units subject to stock price-based vesting conditions"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
60-day trailing VWAP financial
"the first date occurring before February 1, 2028 on which the 60-day trailing volume weighted average closing price ("VWAP")"
Omnibus Incentive Plan financial
"granted to the reporting person under the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan (the "Plan")"
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
disposition to issuer financial
"transaction_code_description: "Disposition to issuer""
FAQ
What did PLAY CFO Darin Harper report in this Form 4 filing?
Darin Harper reported new equity awards and a cancellation of prior awards. He received restricted stock units and stock options while 41,477 performance-based restricted stock units granted in 2024 were canceled and returned to the issuer as part of compensation adjustments.
How many restricted stock units did PLAY grant to its CFO and when do they vest?
The CFO received 22,026 restricted stock units under the 2025 Omnibus Incentive Plan. These units vest in three equal annual installments on July 14, 2026, July 14, 2027 and July 14, 2028, aligning his compensation with multi-year company performance and retention.
What stock options were granted to PLAY CFO Darin Harper and at what exercise prices?
He was granted options on 22,026 and 60,327 shares with a $22.70 exercise price and options on 47,934 shares with a $34.05 exercise price. All options expire in 2035 and vest over time or upon achieving specified stock price performance hurdles.
What performance conditions apply to some of the new PLAY stock option grants?
Certain options become earned only if the 60-day trailing volume weighted average price of PLAY common stock reaches at least $64.12 or $96.18 before February 1, 2028. After achievement, the underlying shares vest on the first or second anniversary of the relevant attainment date.
How many PLAY performance-based restricted stock units were canceled for the CFO?
A total of 41,477 performance-based restricted stock units were canceled and returned to the issuer. These units related to a June 24, 2024 grant that depended on stock price-based vesting conditions, which are no longer in effect following this disposition to the issuer.
What is the CFO’s direct PLAY common stock holding after these transactions?
After recording the new restricted stock units, the CFO directly holds 102,498 shares of PLAY common stock. The Form 4 also corrects prior filings that understated this ownership figure by 22,026 shares because an earlier restricted stock unit grant had been omitted administratively.
Dave & Busters Entmt Inc