| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | DLB | Class A Common Stock | Award | $0 | +18.1K | +27.22% | $0.00 | 84.8K | Dec 16, 2024 | Direct | F1, F2 |
| transaction | DLB | Class A Common Stock | Tax liability | -$266K | -3.36K | -3.97% | $79.18 | 81.4K | Dec 16, 2024 | Direct | F3, F4 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | DLB | Performance-Based Restricted Stock Unit | Award | $0 | +9.07K | $0.00 | 9.07K | Dec 16, 2024 | Class A Common Stock | 9.07K | Direct | F5 | ||
| transaction | DLB | Employee Stock Option (Right to Buy) | Award | $0 | +31.9K | $0.00 | 31.9K | Dec 16, 2024 | Class A Common Stock | 31.9K | $77.91 | Direct | F6 |
| Id | Content |
|---|---|
| F1 | Award represents a total of 18,141 restricted stock units granted under the terms of the Issuer's 2020 Stock Plan. Under the terms of the restricted stock unit grant agreement, 1/4 of the total number of units shall vest on each anniversary of December 16, 2024. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting. |
| F2 | Shares held following the reported transactions include 66,676 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest. |
| F3 | In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer in a transaction exempt from Section 16(b) and not issued to the reporting person in order to cover withholding taxes incidental to the vesting of restricted stock units. |
| F4 | Shares held following the reported transactions include 60,000 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest. |
| F5 | The vesting of this performance-based restricted stock unit ("PSU") award is dependent upon achievement of performance criteria measured during a three-year performance period beginning on December 16, 2024 and ending December 13, 2027. The number of shares reported is at the target award amount. The reporting person may potentially earn from 0% to 200% of the target award amount based on achievement of annualized total shareholder return compared to the S&P Mid Cap 400 Index at the end of the three-year performance period. The actual PSU award earned shall vest immediately upon certification by the Company's Compensation Committee of the achievement of the performance criteria, following the end of the three-year performance period. |
| F6 | This option was granted for a total of 31,890 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vests on the first anniversary of December 16, 2024, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter. |