Sandeep Reddy 4
Research Summary
AI-generated summary
Domino's (DPZ) CFO Sandeep Reddy Receives Awards, Sells Shares
What Happened
- Sandeep Reddy, Chief Financial Officer of Domino's Pizza (DPZ), had 2,060 shares disposed on March 10, 2026 to cover tax or exercise-related obligations (codes F) — 1,589 shares and 471 shares, each disposed at $400.52 per share, totaling $825,071.
- On the same date he was granted awards: 2,206 shares (acquired at $0 — likely restricted stock units) and 8,354 derivative shares (acquired at $0 — related to stock options).
Key Details
- Transaction date: March 10, 2026. Filing date: March 12, 2026 (appears timely; Form 4 is typically due within two business days).
- Dispositions for tax/exercise: 1,589 shares @ $400.52 = $636,426; 471 shares @ $400.52 = $188,645. Total disposed: 2,060 shares for $825,071.
- Awards granted: 2,206 shares (RSU-type award) and 8,354 derivative shares (options). Reported acquisition price: $0.
- Shares owned after the transactions: not disclosed in the provided filing.
- Footnotes: RSU award vests one-third each year on the anniversary of the grant (Mar 10, 2027; Mar 10, 2028; Mar 10, 2029). Options also vest one-third each year on the same schedule.
Context
- The dispositions are reported as tax/price-payment-related (code F), which commonly means shares were surrendered or sold to cover tax withholding or option exercise costs rather than a discretionary open-market sale.
- The grants are time-based awards (RSUs and options) with multi-year vesting, so they represent future potential share delivery rather than immediate open-market purchases.
- These filings are factual disclosures of insider activity and do not by themselves indicate the insider's personal market view.