URNESS RYAN F 4

What Happened

• Ryan F. Urness, Senior Vice President, General Counsel & Secretary of Dycom Industries (DY), had 6,042 shares of DY common stock issued on March 30, 2026 upon settlement of performance-vesting restricted stock units (PRSUs). No cash was paid to receive these shares.
• To cover tax withholding related to the vesting, 4,440 shares were withheld/disposed at an implied value of $341.96 per share, totaling $1,518,302. The net effect is that a portion of the vested award was retained to satisfy tax obligations rather than being delivered to the insider.

Key Details

• Transaction date: March 30, 2026; Form 4 filed March 31, 2026 (no indication of a late filing).
• Award: 6,042 shares acquired (code A) at $0.00 consideration (settlement of PRSUs).
• Withholding/tax payment: 4,440 shares disposed (code F) at $341.96 each = $1,518,302.
• Footnotes: PRSUs vested based on multi-year performance measures (including operating earnings and operating cash flow to net income); 1,987 supplemental shares were included for prior-period performance. Filing notes inclusion of unvested time-vesting RSUs (TRSUs) and that shares were withheld to pay taxes.
• Shares owned after the transaction are not specified in the provided filing data.

Context

• This was a routine vesting of performance-based RSUs, not an open-market purchase or a voluntary sale. The "disposed" shares reflect withholding to satisfy tax liability (a common cashless withholding), not necessarily an executed public sale.
• For investors, vesting grants show compensation tied to company performance; tax-withholding disposals are administrative and do not by themselves indicate an insider view on the stock’s future.