Dolby (DLB) SVP John D. Couling Receives Award of 48,076 RSUs

What Happened
John D. Couling, Senior Vice President, Entertainment at Dolby Laboratories (DLB), received a grant of 48,076 restricted stock units (RSUs) on 2026-09-15. The grant price is reported as $0.00 because these are RSUs — a contingent right to receive one share per unit upon vesting. There was no cash paid by the insider; the award’s value will depend on Dolby’s share price when/if the RSUs vest.

Key Details

• Transaction type: Award/Grant (Form 4 code A).
• Grant date / report period: 2026-09-15 (Form 4 filed 2026-09-17). Filing appears timely (filed within standard 2-business-day window).
• Shares awarded: 48,076 RSUs @ $0.00 (total reported value $0 at grant).
• Vesting: 100% of the units vest on September 15, 2028, subject to continued service. Each RSU converts to one share upon vesting (Footnote F1).
• Shares held after transaction: Filing notes 103,190 shares of Class A common stock underlying RSUs are held and remain subject to forfeiture until they vest (Footnote F2).
• No option exercise, sale, or tax-withholding transaction reported in this filing.

Context
RSUs are a form of compensation; they do not represent immediately tradable shares. Because the award vests in 2028, this grant is a forward-looking compensation event rather than an immediate purchase or sale by the insider. For retail investors, awards signal company compensation decisions but do not directly indicate the insider’s intent to buy or sell shares now.