GARRIDO FRANK 4
Research Summary
AI-generated summary
Domino's (DPZ) EVP Frank Garrido Receives Awards, Withholds Shares for Taxes
What Happened
- Frank Garrido, Executive Vice President & Chief Restaurant Officer of Domino's (DPZ), received equity awards on March 10, 2026 and had shares withheld to satisfy tax obligations the same day. The Form 4 shows grants of 1,249 shares (restricted stock units) and 4,729 derivative awards (options) at $0.00 per share. To cover tax/withholding, 944 shares and 330 shares were surrendered at a price of $400.52 per share, valued at $378,091 and $132,172 respectively (total ≈ $510,263). The filing also notes 58.785 shares were acquired under the company payroll deduction plan since the last report.
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely filing).
- Withheld/disposed shares: 944 shares @ $400.52 = $378,091 and 330 shares @ $400.52 = $132,172 (code F = tax withholding/payment).
- Grants: 1,249 shares (RSUs) and 4,729 derivative awards (options) reported as acquisitions at $0.00.
- Footnotes: F1 notes 58.785 shares via payroll deduction since last report; F2 describes the 1,249 RSU award vesting one‑third each year on March 10, 2027–2029; F3 indicates the options vest one‑third each year on March 10, 2027–2029.
- Shares owned after the transactions were not specified in the provided filing excerpt.
Context
- The dispositions labeled F reflect share withholding to satisfy tax liability (a routine non‑market sale), not an open‑market sale. The awards (RSUs and options) have multi-year service-based vesting (one‑third per year), so shares from these grants will only be issued as each tranche vests in 2027–2029. The 4,729 derivative award represents option-type securities that will vest over time rather than immediately tradable shares.