4//SEC Filing
Jones Randall L 4
Accession 0001209191-22-053300
CIK 0001525769other
Filed
Oct 10, 8:00 PM ET
Accepted
Oct 11, 4:30 PM ET
Size
16.7 KB
Accession
0001209191-22-053300
Insider Transaction Report
Form 4
Jones Randall L
VP Accounting and Controller
Transactions
- Award
Stock Option (Right to Buy)
2022-10-07$37.04/sh+2,159$79,969→ 2,159 total→ Common Stock (2,159 underlying) - Award
Performance Stock Unit 5
2022-10-07+5,939→ 5,939 total→ Common Stock (5,939 underlying) - Award
Common Stock
2022-10-07+4,049→ 4,049 total - Award
Stock Option (Right to Buy)
2022-10-07$37.04/sh+5,399$199,979→ 5,399 total→ Common Stock (5,399 underlying) - Award
Performance Stock Unit 4
2022-10-07+8,099→ 8,099 total→ Common Stock (8,099 underlying)
Footnotes (4)
- [F1]Vests in equal installments on October 7, 2023, 2024, 2025, 2026 and 2027.
- [F2]This grant is subject to a condition whereby the Reporting Person is required to purchase $200,000 (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 January 13, 2023 (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 $50,000 after which all of the options will be forfeited. Subject to the forgoing conditions, the options vest in equal installments on October 7, 2023, 2024, 2025, 2026 and 2027.
- [F3]Represents the Target Achievable performance-based restricted stock units ("PSUs") for the five-year performance period from October 7, 2022 through October 7, 2027. The number of PSUs earned will equal to the Target Achievable PSUs if the Companys Common Stock share price is greater than or equal to $74.08 based on the volume-weighted average price for the sixty (60) consecutive trading days ending on October 7, 2027 ("Target Price"). Early vesting may occur upon achievement of the Target Price prior to October 7, 2027. 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 October 7, 2027. 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 October 7, 2027.
- [F4]Represents the Target Achievable performance-based restricted stock units ("PSUs") for the five-year performance period from October 7, 2022 through October 7, 2027. The number of PSUs earned will equal to the Target Achievable PSUs if the Companys Common Stock share price is greater than or equal to $111.12; based on the volume-weighted average price for the sixty (60) consecutive trading days ending on October 7, 2027 ("Target Price"). Early vesting may occur upon achievement of the Target Price prior to October 7, 2027. 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 October 7, 2027. 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 October 7, 2027.
Documents
Issuer
Dave & Buster's Entertainment, Inc.
CIK 0001525769
Entity typeother
Related Parties
1- filerCIK 0001940418
Filing Metadata
- Form type
- 4
- Filed
- Oct 10, 8:00 PM ET
- Accepted
- Oct 11, 4:30 PM ET
- Size
- 16.7 KB