Wehner Tony 4

What Happened Tony Wehner, Chief Operating Officer of Dave & Buster's Entertainment, was the subject of multiple equity transactions dated October 7, 2025 and reported on a Form 4 filed March 27, 2026. The filing shows awards (grants) totaling 92,091 restricted stock units (RSUs) issued at $0 and the disposition/cancellation of 48,596 performance-based RSUs (also recorded at $0). These were grants and derivative adjustments under the company's 2025 Omnibus Incentive Plan; no cash purchase or open-market sale is reported.

Key Details

• Transaction date: October 7, 2025; Form 4 filed March 27, 2026 (late filing / corrected disclosure).
• Grants (all $0): 11,013; 11,013; 41,794; and 28,271 RSUs — total 92,091 RSUs granted.
• Dispositions/cancellations (all $0, derivative): 21,598 and 26,998 performance-based RSUs — total 48,596 cancelled/disposed.
• Vesting for the restricted stock units: the RSUs will vest in three equal annual installments on July 14, 2026, 2027 and 2028 (see footnote F1).
• Filing correction: the Form 4 corrects the ownership total reported in a prior Form 4 (Dec 23, 2025); that earlier filing understated ownership by 11,013 shares (footnote F2).
• Performance-based awards cancelled: represents cancellation of performance-based RSUs granted October 7, 2022 (footnote F3).
• Other awards referenced: the filing also discloses stock option grants with time- and price-based vesting conditions (footnotes F4–F6), including options that vest upon achieving 60-day trailing VWAP hurdles (~$64.12 and $96.18 thresholds).
• Shares owned after the transaction: the corrected total is reported on the Form 4 itself; the supplied summary does not list the exact post-transaction total.

Context

• These entries are largely compensation-related (RSU grants and cancellations) rather than open-market buying or selling. Grants at $0 are common for equity compensation and are not an immediate cash outlay by the insider.
• Cancellations of performance-based RSUs indicate those prior awards did not meet the applicable performance conditions; they should not be read as an open-market sale.
• The filing was submitted several months after the transaction date and includes a corrective disclosure to prior reporting; late or corrective filings do not necessarily indicate trading intent but do affect the timeliness of public disclosure.