URNESS RYAN F 4

What Happened Ryan F. Urness, Senior Vice President, General Counsel & Secretary of Dycom Industries, Inc. (DY), received a grant of 1,695 restricted stock units (RSUs) on 2026-03-24. The RSUs were awarded at $0.00 per unit (total reported value $0) and represent a contingent right to one share of Dycom common stock per RSU upon vesting. This is an award/grant (not a purchase or sale).

Key Details

• Transaction date: 2026-03-24 (reported on Form 4 filed 2026-03-25).
• Grant amount and price: 1,695 RSUs at $0.00 each (total $0).
• Vesting: RSUs vest in three substantially equal annual installments beginning March 30, 2027 (footnote).
• Consideration: No consideration was paid for the RSUs.
• Unvested status: These are unvested RSUs that convert to one share per RSU upon vesting (footnotes F1–F4).
• Shares owned after transaction: Not specified in the provided filing.
• Timeliness: Filing appears timely (transaction 3/24, filing 3/25).

Context RSUs are a form of equity compensation that only become actual shares when they vest; they do not provide immediate share ownership or sale proceeds. Grants like this are common for executive compensation and do not, by themselves, signal a buy or sell decision in the market. The multi-year vesting schedule means the economic benefit (and any potential dilution) will occur over the next few years as installments vest.