4//SEC Filing
Estrada Megan 4
Accession 0001209191-24-001863
CIK 0001525769other
Filed
Jan 17, 7:00 PM ET
Accepted
Jan 18, 5:53 PM ET
Size
16.6 KB
Accession
0001209191-24-001863
Insider Transaction Report
Form 4
Estrada Megan
Chief Marketing Officer
Transactions
- Award
Common Stock
2024-01-16+13,219→ 13,219 total - Award
Stock Option (Right to Buy)
2024-01-16$49.33/sh+8,514$419,996→ 8,514 totalExercise: $49.33→ Common Stock (8,514 underlying) - Award
Performance Stock Unit 6
2024-01-16+20,271→ 20,271 total→ Common Stock (20,271 underlying) - Award
Performance Stock Unit 7
2024-01-16+16,217→ 16,217 total→ Common Stock (16,217 underlying) - Award
Stock Option (Right to Buy)
2024-01-16$49.33/sh+10,135$499,960→ 10,135 totalExercise: $49.33→ Common Stock (10,135 underlying)
Footnotes (4)
- [F1]Represents the Target Achievable performance-based restricted stock units ("PSUs") for the five-year performance period from January 16, 2024 through January 16, 2029. 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 $98.66; based on the volume-weighted average price for the sixty (60) consecutive trading days ending on January 16. 2029 ("Target Price"). Early vesting may occur upon achievement of the Target Price prior to January 16, 2029. 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 January 16, 2029. 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 January 16, 2029.
- [F2]Represents the Target Achievable performance-based restricted stock units ("PSUs") for the five-year performance period from January 16, 2024 through January 16, 2029. 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 $147.99; based on the volume-weighted average price for the sixty (60) consecutive trading days ending on January 16. 2029 ("Target Price"). Early vesting may occur upon achievement of the Target Price prior to January 16, 2029. 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 January 16, 2029. 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 January 16, 2029.
- [F3]Vests in equal installments on January 16, 2025, 2026, 2027, 2028 and 2029.
- [F4]This grant is subject to a condition whereby the Reporting Person is required to purchase $500,000 (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 April 23, 2024 (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 $200,000 after which all of the options will be forfeited. Subject to the forgoing conditions, the options vest in equal installments on January 16, 2025, 2026, 2027, 2028 and 2029.
Documents
Issuer
Dave & Buster's Entertainment, Inc.
CIK 0001525769
Entity typeother
Related Parties
1- filerCIK 0002005816
Filing Metadata
- Form type
- 4
- Filed
- Jan 17, 7:00 PM ET
- Accepted
- Jan 18, 5:53 PM ET
- Size
- 16.6 KB