DeFerrari H Andrew 4

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.