DeFerrari H Andrew 4
4 · DYCOM INDUSTRIES INC · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Dycom (DY) CFO H. Andrew DeFerrari Receives Award; Withholds Shares
What Happened
H. Andrew DeFerrari, SVP & Chief Financial Officer of Dycom Industries (DY), received 9,313 shares upon settlement of performance-vesting restricted stock units (PRSUs) on March 30, 2026. Of those shares, 6,176 were withheld to satisfy tax withholding obligations at a reported per-share value of $341.96, totaling $2,111,945. No cash was paid to acquire the awarded shares. Net to DeFerrari after withholding: 3,137 shares.
Key Details
- Transaction date: March 30, 2026; Form filed March 31, 2026 (timely filing).
- Award: 9,313 shares reported acquired at $0.00 (grant/settlement).
- Withholding (code F): 6,176 shares withheld/treated as disposed at $341.96 each = $2,111,945 to cover taxes.
- Net shares received: 3,137 (9,313 − 6,176).
- Shares owned after transaction: not reported in the excerpt provided.
- Notable footnotes: award reflects settlement of PRSUs tied to performance metrics (operating earnings and operating cash flow to net income ratio); includes 3,062 supplemental shares and also references unvested time-vesting RSUs (TRSUs). Withholding was used to satisfy tax liability (cashless withholding), not an open-market sale.
Context
PRSUs are performance-based awards that convert to shares only if pre-established performance goals are met; supplemental shares reflect additional vesting tied to prior performance periods. The withholding here is a routine tax-related transaction (shares retained by the company to cover withholding) and should not be interpreted as an open-market sale signaling investment sentiment.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-03-30+9,313→ 177,147 total - Tax Payment
Common Stock
[F4][F3]2026-03-30$341.96/sh−6,176$2,111,945→ 170,971 total
Footnotes (4)
- [F1]Represents shares of DY common stock acquired upon the settlement of performance-vesting restricted stock units ("PRSUs") on March 30, 2026. Each PRSU represented a contingent right to acquire one share of DY common stock upon the satisfaction of pre-established performance measures set forth in the award documents. The annual performance measures are based on (i) operating earnings and (ii) the ratio of operating cash flow to net income, in each case before certain items. The shares reported include 3,062 of supplemental shares that vested in connection with the satisfaction of the performance measures described in the previous sentence over the preceding three year performance period.
- [F2]No consideration was paid.
- [F3]Includes unvested time-vesting restricted stock units ("TRSUs").
- [F4]Withholding of common stock for the payment of tax liability incident to the vesting of TRSUs and PRSUs.