Nicholson Ryan 4
4 · Dolby Laboratories, Inc. · Filed Dec 19, 2023
Insider Transaction Report
Form 4
Nicholson Ryan
VP, CAO and Corp. Controller
Transactions
- Tax Payment
Class A Common Stock
2023-12-16$87.49/sh−195$17,061→ 24,078 total - Award
Class A Common Stock
2023-12-15+6,253→ 25,623 total - Tax Payment
Class A Common Stock
2023-12-15$88.60/sh−1,350$119,610→ 24,273 total
Footnotes (6)
- [F1]Award represents a total of 6,253 restricted stock units granted under the terms of the Issuer's 2020 Stock Plan. Under the terms of the restricted stock unit grant agreement, 1/4 of the total number of units shall vest on each anniversary of December 15, 2023. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.
- [F2]Shares held following the reported transactions include 19,030 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
- [F3]Shares include 293 shares and 64 shares acquired under the Issuer's Employee Stock Purchase Plan on May 15, 2023 and November 15, 2023, respectively.
- [F4]In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer in a transaction exempt from Section 16(b) and not issued to the reporting person in order to cover withholding taxes incidental to the vesting of restricted stock units.
- [F5]Shares held following the reported transactions include 15,133 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
- [F6]Shares held following the reported transactions include 14,570 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.