4//SEC Filing
Harper Darin 4
Accession 0000950170-24-077988
CIK 0001525769other
Filed
Jun 25, 8:00 PM ET
Accepted
Jun 26, 6:08 PM ET
Size
12.8 KB
Accession
0000950170-24-077988
Insider Transaction Report
Form 4
Harper Darin
Chief Financial Officer
Transactions
- Award
Performance Stock Unit 8
2024-06-24+41,477→ 41,477 total→ Common Stock (41,477 underlying) - Award
Stock Option (Right to Buy)
2024-06-24$48.22/sh+20,738$999,986→ 20,738 total→ Common Stock (20,738 underlying) - Award
Stock Option (Right to Buy)
2024-06-24$48.22/sh+10,887$524,971→ 10,887 total→ Common Stock (10,887 underlying) - Award
Common Stock
2024-06-24+20,738→ 20,738 total
Footnotes (3)
- [F1]Vests in 5 equal tranches on 6/24/25, 6/24/26, 6/24/27, 6/24/28, 6/24/29.
- [F2]This grant is subject to a condition whereby the Reporting Person is required to purchase $525,000 (the "Maximum Amount") in the Registrants common stock, par value $0.01 per share (the "Common Stock") during an open trading window on or before July 23, 2024 (or the next available open trading window if the preceding trading windows are closed), hold such purchased Common Stock when the related options vest subject to a decline in the amount of required holding by 20% upon the vesting of each annual installment. In the event Reporting Person fails to comply with the purchasing vesting condition, they will forfeit an amount of the options proportionate to any shortfall from such Maximum Amount to a minimum threshold of $300,000 after which all the options will be forfeited. Subject to the forgoing conditions, the options vest in equal installments on June 24, 2025, 2026, 2027, 2028 and 2029.
- [F3]Represents the Target Achievable performance-based restricted stock units ("PSUs") for the five-year performance period from June 24, 2024 through June 24, 2029. The number of PSUs earned will equal to the Target Achievable PSUs if the Company's Common Stock share price is greater than or equal to $96.44; based on the volume-weighted average price for the sixty (60) consecutive trading days ending on June 24, 2029 ("Target Price"). Early vesting may occur upon achievement of the Target Price prior to June 24, 2029. Upon the 1st early achievement of the Target Price, 25% of the PSUs will vest 1 year after such date; 25% of the PSUs will vest on 2 years after such date; and 50% of the PSUs ("Remaining PSUs") will vest on June 24, 2029. Upon the 2nd early achievement of the Target Price, 50% of the Remaining PSUs will vest 1 year after such date; and 50% of the Remaining PSUs will vest on 2 years after such date. No early vesting shall occur later than June 24, 2029.
Documents
Issuer
Dave & Buster's Entertainment, Inc.
CIK 0001525769
Entity typeother
Related Parties
1- filerCIK 0001422482
Filing Metadata
- Form type
- 4
- Filed
- Jun 25, 8:00 PM ET
- Accepted
- Jun 26, 6:08 PM ET
- Size
- 12.8 KB