Darin Harper - 24 Jun 2024 Form 4 Insider Report for Dave & Buster's Entertainment, Inc. (PLAY)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
26 Jun 2024, 18:08:36 UTC
Prior SEC filing
17 Jun 2024
Next SEC filing
28 Jun 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Sherri M. Smith, Attorney-in-Fact

Key filing fact

Darin Harper filed Form 4 for Dave & Buster's Entertainment, Inc. (PLAY) on 26 Jun 2024.

Key facts

  • This page summarizes Darin Harper's Form 4 filing for Dave & Buster's Entertainment, Inc. (PLAY).
  • 4 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 26 Jun 2024, 18:08.

Change

  • Previous filing in this sequence was filed on 17 Jun 2024.
  • Current net transaction value: +$1,524,958.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PLAY transaction

Common Stock

Award

Transaction value
$0
Shares
+20,738
Change %
Price
$0.000000
Shares after
20,738
Date
24 Jun 2024
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PLAY transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value
$999,986
Shares
+20,738
Change %
Price
$48.22
Shares after
20,738
Date
24 Jun 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
20,738
Exercise price
Footnotes
F1
PLAY transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value
$524,971
Shares
+10,887
Change %
Price
$48.22
Shares after
10,887
Date
24 Jun 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
10,887
Exercise price
Footnotes
F2
PLAY transaction Derivative

Performance Stock Unit 8

Award

Transaction value
$0
Shares
+41,477
Change %
Price
$0.000000
Shares after
41,477
Date
24 Jun 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
41,477
Exercise price
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Vests in 5 equal tranches on 6/24/25, 6/24/26, 6/24/27, 6/24/28, 6/24/29.

Footnote F2

This grant is subject to a condition whereby the Reporting Person is required to purchase $525,000 (the "Maximum Amount") in the Registrants common stock, par value $0.01 per share (the "Common Stock") during an open trading window on or before July 23, 2024 (or the next available open trading window if the preceding trading windows are closed), hold such purchased Common Stock when the related options vest subject to a decline in the amount of required holding by 20% upon the vesting of each annual installment. In the event Reporting Person fails to comply with the purchasing vesting condition, they will forfeit an amount of the options proportionate to any shortfall from such Maximum Amount to a minimum threshold of $300,000 after which all the options will be forfeited. Subject to the forgoing conditions, the options vest in equal installments on June 24, 2025, 2026, 2027, 2028 and 2029.

Footnote F3

Represents the Target Achievable performance-based restricted stock units ("PSUs") for the five-year performance period from June 24, 2024 through June 24, 2029. The number of PSUs earned will equal to the Target Achievable PSUs if the Company's Common Stock share price is greater than or equal to $96.44; based on the volume-weighted average price for the sixty (60) consecutive trading days ending on June 24, 2029 ("Target Price"). Early vesting may occur upon achievement of the Target Price prior to June 24, 2029. Upon the 1st early achievement of the Target Price, 25% of the PSUs will vest 1 year after such date; 25% of the PSUs will vest on 2 years after such date; and 50% of the PSUs ("Remaining PSUs") will vest on June 24, 2029. Upon the 2nd early achievement of the Target Price, 50% of the Remaining PSUs will vest 1 year after such date; and 50% of the Remaining PSUs will vest on 2 years after such date. No early vesting shall occur later than June 24, 2029.

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