GALLAGHER PHILIP R 4
Research Summary
AI-generated summary
Dycom (DY) Director Philip R. Gallagher Receives 331 RSU Award
What Happened Philip R. Gallagher, a director of Dycom Industries, Inc. (DY), received a grant of 331 restricted stock units (RSUs) on May 28, 2026. The RSUs were granted at $0.00 per unit (no cash consideration) and the filing reports an acquisition of 331 RSUs (total reported value $0). These RSUs are a contingent right to one share of Dycom common stock per unit upon vesting.
Key Details
- Transaction date and price: 2026-05-28; grant price $0.00 per RSU.
- Grant amount: 331 RSUs (unvested).
- Shares owned after transaction: The filing does not state total shares owned; it notes the 331 RSUs are unvested and included in holdings (see footnote F4).
- Vesting: RSUs vest in one annual installment upon the earlier of (i) May 28, 2027 or (ii) the next annual meeting of shareholders (footnote F2).
- Consideration: No consideration paid for the RSUs (footnote F3).
- Filing timeliness: Reported on 2026-05-29 for a 2026-05-28 transaction — appears timely.
Context RSUs are a form of equity compensation that convert to actual shares only when they vest; this grant does not involve an open-market purchase or sale and does not indicate immediate selling. For retail investors, grants are routine compensation and should be viewed differently than outright purchases (which may be a stronger bullish signal).