Ramshaw Jill L 4

What Happened
Jill L. Ramshaw, Vice President & CHRO of Dycom Industries (DY), had 114 shares withheld to satisfy the tax withholding obligation related to the vesting of restricted stock units. The shares were valued at $427.48 each, for a total of $48,733. This is a routine tax-withholding disposition rather than an open-market sale.

Key Details

• Transaction date: 2026-02-17; Form 4 filed 2026-02-18 (appears timely).
• Action: Withholding of 114 shares to cover tax liability (transaction code F).
• Price per share recorded: $427.48; total value of shares withheld: $48,733.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — withholding of common stock for payment of tax liability incident to RSU vesting.
• Filing accession: 0002055624-26-000001.

Context
Tax-withholding by withholding shares is common when restricted stock units vest; it reduces the insider’s holdings by the withheld amount but does not indicate a discretionary sale or market-timing decision. This is a routine administrative transaction and should not be read as a directional buy/sell signal.