Key facts
- This page summarizes Todd Pendleton's Form 4 filing for Dolby Laboratories, Inc. (DLB).
- 5 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 16 Dec 2021, 20:24.
Todd Pendleton - 15 Dec 2021 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)
- Reporting relationship
- SVP, Chief Marketing Officer
- Issuer ticker
- DLB
- Reported as of
- 15 Dec 2021
- Net transaction value
- -$248,733
- SEC form
- 4
- Accepted by SEC
- 16 Dec 2021, 20:24:35 UTC
- Prior SEC filing
- 31 Aug 2021
- Next SEC filing
- 20 Dec 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Daniel Rodriguez, Attorney-in-Fact for Todd Pendleton
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Todd Pendleton filed Form 4 for Dolby Laboratories, Inc. (DLB) on 16 Dec 2021.
Change
- Previous filing in this sequence was filed on 31 Aug 2021.
- Current net transaction value: -$248,733.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
DLB
transaction
Class A Common Stock
Tax liability
- Transaction value
- $142,888
- Shares
- -1,578
- Change %
- -5.5%
- Price
- $90.55
- Shares after
- 27,003
- Date
- 15 Dec 2021
- Ownership
- Direct
- Footnotes
- F1, F2
DLB
transaction
Class A Common Stock
Award
- Transaction value
- $0
- Shares
- +13,054
- Change %
- +48%
- Price
- $0.000000
- Shares after
- 40,057
- Date
- 15 Dec 2021
- Ownership
- Direct
- Footnotes
- F3, F4
DLB
transaction
Class A Common Stock
Tax liability
- Transaction value
- $105,845
- Shares
- -1,153
- Change %
- -2.9%
- Price
- $91.80
- Shares after
- 38,904
- Date
- 16 Dec 2021
- Ownership
- Direct
- Footnotes
- F5
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
DLB
transaction
Derivative
Performance-Based Restricted Stock Unit
Award
- Transaction value
- $0
- Shares
- +6,527
- Change %
- Price
- $0.000000
- Shares after
- 6,527
- Date
- 15 Dec 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 6,527
- Exercise price
- Footnotes
- F6
DLB
transaction
Derivative
Employee Stock Option (Right to Buy)
Award
- Transaction value
- $0
- Shares
- +27,020
- Change %
- Price
- $0.000000
- Shares after
- 27,020
- Date
- 15 Dec 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 27,020
- Exercise price
- $91.80
- Footnotes
- F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 7 footnotes
Footnote F1
In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer and not issued to the reporting person in order to cover withholding taxes incidental to the vesting of restricted stock units.
Footnote F2
Shares held following the reported transactions include 25,399 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
Footnote F3
Award represents a total of 13,054 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 15, 2021. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.
Footnote F4
Shares held following the reported transactions include 38,453 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
Footnote F5
Shares held following the reported transactions include 36,128 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
Footnote F6
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 15, 2021 and ending December 11, 2024. Each PSU represents a right to receive, upon vesting, one share of Class A common stock. 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.
Footnote F7
This option was granted for a total of 27,020 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 15, 2021, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.