Dave & Buster's (NASDAQ: PLAY) CLO granted RSUs and performance stock options
Rhea-AI Filing Summary
Dave & Buster's Entertainment, Inc. senior vice president and chief legal officer Rodolfo Rodriguez Jr reported new equity awards. On October 7, 2025, he received 8,811 restricted stock units, which will vest in three equal annual installments on July 14, 2026, 2027 and 2028. He was also granted stock options covering 26,923 shares with a $22.70 exercise price that vest on the same schedule, and options on 16,694 shares with a $34.05 exercise price that vest only if specific share price targets are met before February 1, 2028. Following the stock award, his directly held common stock position is 22,887 shares. The filing also corrects prior reported ownership totals that understated his holdings due to an administrative error.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 8,811 shares
Net Buy
4 txns
Insider
Rodriguez Rodolfo Jr
Role
SVP, Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 8,811 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 26,923 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 16,694 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 8,811 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 52,428 shares (Direct);
Common Stock — 22,887 shares (Direct)
Footnotes (5)
- F1. 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.
- F2. This Form 4 includes the corrected ownership total in Table I, Column 5. The Form 4s filed by the reporting person on January 20, 2026 and January 23, 2026 understated the ownership total in Table I, Column 5 by 8,387 shares and 8,811 shares, respectively, due in part to an administrative error failing to account for the grant of the restricted stock units described further in Note (1).
- F3. 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.
- F4. 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.
- F5. 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
Restricted stock units granted: 8,811 units
Time-based options grant: 26,923 shares at $22.70
Performance-based options grant: 16,694 shares at $34.05
+5 more
8 metrics
Restricted stock units granted
8,811 units
Awarded October 7, 2025; vest in three equal annual installments on July 14, 2026–2028
Time-based options grant
26,923 shares at $22.70
Stock options vest in three equal annual installments on July 14, 2026–2028
Performance-based options grant
16,694 shares at $34.05
Options vest after VWAP performance conditions and then on 1st or 2nd anniversary of attainment
Option expiration date
October 7, 2035
Expiration for the reported stock option awards
2X VWAP performance target
$64.12 VWAP
60-day trailing VWAP must reach at least $64.12 before February 1, 2028
3X VWAP performance target
$96.18 VWAP
60-day trailing VWAP must reach at least $96.18 before February 1, 2028
Common stock held after award
22,887 shares
Directly owned common stock following the October 7, 2025 grant
Previously understated holdings
8,387 and 8,811 shares
Amounts by which two January 2026 Form 4s understated ownership
Key Terms
restricted stock units, 2025 Omnibus Incentive Plan, 60-day trailing volume weighted average closing price, VWAP, +2 more
6 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.
2025 Omnibus Incentive Plan financial
"Represents restricted stock units granted to the reporting person under the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan (the "Plan")."
An omnibus incentive plan is a company-wide program that authorizes awards of pay tied to performance and retention—such as stock options, restricted shares, cash bonuses and other rewards—here labeled for the year it was adopted (2025). Investors care because it affects how much ownership can be issued, dilutes existing shareholders, and aligns executives’ and employees’ incentives with company goals, similar to giving team members a stake in the outcome.
60-day trailing volume weighted average closing price financial
"on which the 60-day trailing volume weighted average closing price ("VWAP") of the shares of common stock"
VWAP financial
"on which the 60-day trailing volume weighted average closing price ("VWAP") of the shares of common stock"
VWAP, or Volume-Weighted Average Price, is a way to find the average price of a stock throughout the trading day, giving more importance to times when more shares are traded. It helps traders see the typical price and decide whether a stock is expensive or cheap compared to its average, similar to finding the average speed during a trip by giving more weight to times when you traveled faster or slower.
2X Attainment Date financial
"upon the first date (the "2X Attainment Date") occurring before February 1, 2028 on which the 60-day trailing VWAP"
3X Attainment Date financial
"upon the first date (the "3X Attainment Date") occurring before February 1, 2028 on which the 60-day trailing VWAP of the Common Stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did PLAY executive Rodolfo Rodriguez Jr receive?
Rodolfo Rodriguez Jr received 8,811 restricted stock units and stock options on 26,923 shares at $22.70 plus 16,694 shares at $34.05. These awards were granted under Dave & Buster's 2025 Omnibus Incentive Plan.
How do the new restricted stock units for PLAY’s legal officer vest?
The 8,811 restricted stock units granted to the executive vest in three equal annual installments on July 14, 2026, 2027 and 2028. Vesting means shares are delivered over time, encouraging long-term retention and alignment with shareholders.
What are the vesting terms for the new Dave & Buster's stock options?
Options on 26,923 shares at $22.70 vest in three equal annual installments on July 14, 2026, 2027 and 2028. Additional options on 16,694 shares at $34.05 vest only after specific stock price performance conditions are first satisfied.
What performance targets affect some PLAY stock options in this Form 4?
Certain options become earned when the 60-day trailing VWAP first reaches $64.12 or $96.18 before February 1, 2028. After those thresholds, vesting occurs on the first or second anniversary of the relevant attainment date, depending on future VWAP levels.
Why does this PLAY Form 4 mention corrected ownership totals?
The filing explains that prior Form 4s filed on January 20, 2026 and January 23, 2026 understated ownership by 8,387 and 8,811 shares. An administrative error failed to include the restricted stock unit grant now described in this report.