URNESS RYAN F 4
4 · DYCOM INDUSTRIES INC · Filed Mar 31, 2021
Insider Transaction Report
Form 4
URNESS RYAN F
SVP, GC & Secretary
Transactions
- Award
Restricted Stock Units
2021-03-29+1,915→ 27,135 total - Award
Common Stock
2021-03-30+1,059→ 28,194 total - Tax Payment
Common Stock
2021-03-30$85.02/sh−2,665$226,578→ 25,529 total
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to acquire one (1) share of Dycom Industries, Inc. common stock par value $0.33 1/3 per share ("DY common stock").
- [F2]The restricted stock units vest in four substantially equal annual installments beginning March 30, 2022.
- [F3]No consideration was paid for the restricted stock units.
- [F4]Represents shares of DY common stock acquired upon the settlement of restricted stock units ("RSUs") on March 30, 2021. Each RSU represents 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.
- [F5]Withholding of common stock for the payment of tax liability incident to the vesting of restricted stock units.