Daktronics (DAKT) CEO Jayaraman Ramesh Receives RSUs; 1,726 Shares Withheld

What Happened

• Jayaraman Ramesh, President and CEO of Daktronics, had 7,090 restricted stock units (RSUs convert/settle into shares) on August 23, 2026. Of those, 1,726 shares were withheld to satisfy tax withholding at $19.00 per share (total $32,794), leaving a net delivery of 5,364 shares to Mr. Ramesh. This was a vesting/settlement of award units rather than an open-market buy or sale.

Key Details

• Transaction date: August 23, 2026; Form filed August 25, 2026 (timely).
• Conversion/Vesting: 7,090 RSUs converted to shares (reported as derivative exercise/conversion, code M).
• Tax withholding: 1,726 shares withheld (code F) at $19.00/share for $32,794.
• Net shares delivered to insider: 5,364 (7,090 − 1,726).
• Footnotes: RSUs were granted 12/15/2025 under the 2025 Stock Incentive Plan and vest in four equal installments beginning 8/23/2026; withheld shares represent tax withholding on vested RSUs.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• This was a routine vesting and tax-withholding event (conversion of RSUs), not an open-market purchase or sale—such events are common compensation settlements and don’t necessarily signal insider sentiment. The separate reporting lines (conversion and withholding) reflect administrative settlement and withholding mechanics; code M = exercise/conversion of derivative (RSU settlement) and code F = shares withheld for taxes.