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Dave & Buster's (NASDAQ: PLAY) SVP receives RSU and PSU awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Lehner Les reported acquisition or exercise transactions in this Form 4 filing.

Dave & Buster's Entertainment, Inc. reported that SVP and Chief Development Officer Les Lehner received equity awards in the form of company stock. He was granted 28,576 restricted stock units, which will vest in three equal annual installments on June 2 of 2027, 2028 and 2029 under the company’s 2025 Omnibus Incentive Plan. He also received 12,247 performance-based restricted stock units tied to a one-fiscal-year performance period for fiscal 2026, which are deemed earned if the company achieves positive Same Store Sales during that period. Following these awards, Lehner directly holds 89,873 shares of common stock.

Positive

  • None.

Negative

  • None.
Insider Lehner Les
Role SVP, Chief Development Officer
Type Security Shares Price Value
Grant/Award Performance Stock Unit 12,247 $0.00 --
Grant/Award Common Stock 28,576 $0.00 --
Holdings After Transaction: Performance Stock Unit — 12,247 shares (Direct, null); Common Stock — 89,873 shares (Direct, null)
Footnotes (1)
  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 June 2, 2027, 2028 and 2029. Represents the Target Achievable performance-based restricted stock units ("PSUs") in respect of the one-fiscal year performance period commencing on the first day of fiscal 2026 and ending on the last day of fiscal 2026. 100% of the RSUs shall be deemed earned upon the attainment of positive Same Store Sales during the Performance Period.
RSU grant 28,576 units Restricted stock units granted on June 2, 2026
PSU grant 12,247 units Performance stock units granted on June 2, 2026
Post-grant common shares 89,873 shares Common stock directly held after transactions
RSU vesting schedule 3 equal installments Vesting on June 2, 2027, 2028, and 2029
Performance period Fiscal 2026 PSUs tied to one-fiscal-year performance period
PSU performance condition Positive Same Store Sales Required during fiscal 2026 performance period
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 Target Achievable performance-based restricted stock units ("PSUs") in respect of the one-fiscal year performance period"
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.
Same Store Sales financial
"100% of the RSUs shall be deemed earned upon the attainment of positive Same Store Sales during the Performance Period"
Same store sales measure the change in revenue generated by stores that have been open for at least a year, comparing current sales to past periods. It helps investors see how well a business is growing from its existing locations, without the influence of new store openings or closures. This metric provides a clearer picture of ongoing performance and customer demand.
Omnibus Incentive Plan financial
"restricted stock units granted to the reporting person under the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive 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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Lehner Les
(Last)(First)(Middle)
1221 S. BELT LINE RD., SUITE 500
(Street)
COPPELL TEXAS 75019
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Dave & Buster's Entertainment, Inc. [ PLAY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP, Chief Development Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/02/2026A28,576(1)A$089,873D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Stock Unit$0(2)06/02/2026A12,24706/02/2027 (2)Common Stock12,247$012,247D
Explanation of Responses:
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 June 2, 2027, 2028 and 2029.
2. Represents the Target Achievable performance-based restricted stock units ("PSUs") in respect of the one-fiscal year performance period commencing on the first day of fiscal 2026 and ending on the last day of fiscal 2026. 100% of the RSUs shall be deemed earned upon the attainment of positive Same Store Sales during the Performance Period.
Sherri M. Smith, Attorney-in-Fact06/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What stock awards did PLAY executive Les Lehner receive?

Les Lehner received 28,576 restricted stock units and 12,247 performance-based restricted stock units as equity compensation, all at a grant price of $0. These awards are part of Dave & Buster's 2025 Omnibus Incentive Plan.

How do Les Lehner’s new restricted stock units at PLAY vest?

The 28,576 restricted stock units granted to Les Lehner vest in three equal annual installments on June 2, 2027, June 2, 2028, and June 2, 2029. This staggered vesting encourages ongoing retention and aligns compensation with longer-term company performance.

What performance conditions apply to PLAY’s new performance stock units?

The 12,247 performance-based restricted stock units for Les Lehner relate to fiscal 2026. They are deemed earned if Dave & Buster's achieves positive Same Store Sales during the performance period covering the company’s 2026 fiscal year.

What is Les Lehner’s PLAY common stock holding after these awards?

After the June 2, 2026 grants, Les Lehner directly holds 89,873 shares of Dave & Buster's common stock. This figure reflects his position following the new restricted stock unit and performance stock unit awards disclosed in the Form 4.

Are Les Lehner’s PLAY stock awards open-market purchases or compensation grants?

The transactions are compensation grants, not open-market purchases. Code “A” indicates grant or award acquisitions, with a price of $0 per share, made under Dave & Buster's 2025 Omnibus Incentive Plan for equity-based compensation.