Ramshaw Jill L 4

What Happened

• Jill L. Ramshaw, Senior Vice President & Chief Human Resources Officer of Dycom Industries (DY), had performance-vesting restricted stock units (PRSUs) settle on March 30, 2026, resulting in the acquisition of 1,177 shares of DY common stock (no cash paid). To satisfy tax withholding obligations, 637 of those shares were withheld/disposed at $341.96 per share, representing $217,829.

Key Details

• Transaction date: March 30, 2026 (Form 4 filed March 31, 2026).
• Award: 1,177 shares issued upon settlement of PRSUs (F2: no consideration paid).
• Tax withholding: 637 shares surrendered/withheld to cover tax liability (reported disposal value $341.96/share; total $217,829).
• Footnotes: F1 — PRSUs settled upon satisfaction of performance measures (operating earnings and operating cash flow-to-net income ratio); 387 supplemental shares reflected vesting tied to the prior three-year performance period. F3 notes the award includes unvested time-vesting RSUs (TRSUs). F4 denotes withholding for taxes.
• Shares owned after the transaction: not specified in the filing.
• Timeliness: Filing appears timely (transaction 3/30/2026; Form 4 filed 3/31/2026).

Context

• This was an award/settlement of RSUs (not an open-market purchase or sale of previously owned shares). The withholding of 637 shares for taxes is a routine administrative step following vesting and does not necessarily indicate a discretionary sale of remaining shares. The PRSU component is performance-based, meaning the shares were issued because pre-established company performance targets were met.