Floyd Heather M 4

What Happened

• Heather M. Floyd, Vice President and Chief Accounting Officer of Dycom Industries (DY), received 809 shares of DY common stock upon settlement of performance-vesting restricted stock units (PRSUs) on March 30, 2026 (award code A). The award shares were reported at $0.00 fair value on acquisition.
• Simultaneously, 342 shares were withheld to satisfy tax withholding obligations related to the vesting (disposition code F) at an implied value of $341.96 per share, totaling approximately $116,950. This withholding is a tax payment (not an open-market sale).

Key Details

• Transaction date: March 30, 2026; Form 4 filed March 31, 2026 (report appears timely).
• Award: 809 shares acquired (no cash paid).
• Withholding: 342 shares withheld for taxes, valued at $341.96 each (total ~ $116,950).
• Footnotes: PRSUs settled upon satisfaction of performance measures (operating earnings and operating cash flow/net income ratio); 266 supplemental shares vested relating to a prior three-year performance period. Filing also notes inclusion of unvested time-vesting RSUs (TRSUs).
• Transaction codes: A = Award/Grant, F = Withholding for tax liability.
• Shares owned after the transaction: not disclosed in the filing.

Context

• This was a compensation-related award (performance and time-based RSUs). The withholding of shares to cover taxes is routine and should not be read as an open-market sale signaling a change in sentiment.