Lehner Les 4
Research Summary
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Dave & Buster's (PLAY) SVP Les Lehner Receives Equity Awards
What Happened Les Lehner, SVP & Chief Development Officer of Dave & Buster's Entertainment, Inc. (PLAY), was granted 7,991 restricted stock units (RSUs) and a grant representing 11,549 shares underlying stock options on April 24, 2026. In connection with RSU vesting, 364 shares were withheld to satisfy tax withholding obligations at $12.33 per share, totaling $4,488. The Form 4 reports the awards at $0 (standard for grants on the Form).
Key Details
- Transaction date: April 24, 2026; Form filed April 28, 2026 (timely filing).
- Grants reported: 7,991 RSUs (footnote F1) and 11,549 underlying-option shares (footnote F3); both grants reported as $0 on the Form 4.
- Tax withholding: 364 shares withheld at $12.33/share to cover tax obligations (footnote F2); no open-market sale of shares.
- Shares owned after the transactions: not specified in the filing.
- Transaction codes: A = award/grant, F = tax withholding.
Context
- The RSUs will vest in three equal annual installments on April 24 of 2027, 2028 and 2029 (per F1). The stock options vest and become exercisable on the same three-year schedule (per F3). These are compensation grants, not purchases or open-market sales, and are commonly part of executive pay packages.