Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | DLB | Employee Stock Option (Right to Buy) | Options Exercise | $0 | -50K | -86.37% | $0.00 | 7.89K | Nov 25, 2024 | Class A Common Stock | 50K | $62.32 | By a trust | F1, F5 |
transaction | DLB | Employee Stock Option (Right to Buy) | Options Exercise | $0 | -7.89K | -100% | $0.00 | 0 | Nov 26, 2024 | Class A Common Stock | 7.89K | $62.32 | By a trust | F1, F5 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Id | Content |
---|---|
F1 | By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009 |
F2 | The shares were sold in multiple transactions at prices ranging from $80.125 to $81.11, inclusive. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected. |
F3 | The shares were sold in multiple transactions at prices ranging from $81.135 to $81.215, inclusive. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected. |
F4 | Shares held following the reported transactions include 120,320 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest. |
F5 | This performance-based stock option award was granted for a total of 90,000 shares of Class A Common Stock at target. The number of shares actually earned and vested upon the achievement of total shareholder return performance criteria measured during a three-year performance period ended on December 15, 2020 was at 96% of target, or 86,400 shares. |