Key facts
- This page summarizes Todd Pendleton's Form 4 filing for Dolby Laboratories, Inc. (DLB).
- 8 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 19 Dec 2022, 20:41.
Todd Pendleton - 15 Dec 2022 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)
- Reporting relationship
- SVP, Chief Marketing Officer
- Issuer ticker
- DLB
- Reported as of
- 15 Dec 2022
- Net transaction value
- -$527,569
- SEC form
- 4
- Accepted by SEC
- 19 Dec 2022, 20:41:45 UTC
- Prior SEC filing
- 19 Jul 2022
- Next SEC filing
- 24 Feb 2023
- 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 19 Dec 2022.
Change
- Previous filing in this sequence was filed on 19 Jul 2022.
- Current net transaction value: -$527,569.
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
- $233,924
- Shares
- -3,197
- Change %
- -8.8%
- Price
- $73.17
- Shares after
- 33,078
- Date
- 15 Dec 2022
- Ownership
- Direct
- Footnotes
- F1, F2
DLB
transaction
Class A Common Stock
Award
- Transaction value
- $0
- Shares
- +16,188
- Change %
- +49%
- Price
- $0.000000
- Shares after
- 49,266
- Date
- 15 Dec 2022
- Ownership
- Direct
- Footnotes
- F3, F4
DLB
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +3,765
- Change %
- +7.6%
- Price
- Shares after
- 53,031
- Date
- 16 Dec 2022
- Ownership
- Direct
- Footnotes
- F4, F5
DLB
transaction
Class A Common Stock
Tax liability
- Transaction value
- $214,631
- Shares
- -3,020
- Change %
- -5.7%
- Price
- $71.07
- Shares after
- 50,011
- Date
- 16 Dec 2022
- Ownership
- Direct
- Footnotes
- F1, F6
DLB
transaction
Class A Common Stock
Tax liability
- Transaction value
- $79,013
- Shares
- -1,116
- Change %
- -2.2%
- Price
- $70.80
- Shares after
- 48,895
- Date
- 19 Dec 2022
- Ownership
- Direct
- Footnotes
- F1, F7
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
- +8,094
- Change %
- Price
- $0.000000
- Shares after
- 8,094
- Date
- 15 Dec 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 8,094
- Exercise price
- Footnotes
- F8
DLB
transaction
Derivative
Employee Stock Option (Right to Buy)
Award
- Transaction value
- $0
- Shares
- +29,143
- Change %
- Price
- $0.000000
- Shares after
- 29,143
- Date
- 15 Dec 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 29,143
- Exercise price
- $71.07
- Footnotes
- F9
DLB
transaction
Derivative
Performance-Based Restricted Stock Unit
Options Exercise
- Transaction value
- $0
- Shares
- -3,765
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 16 Dec 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 3,765
- Exercise price
- Footnotes
- F5, F10
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 10 footnotes
Footnote F1
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 or performance-based restricted stock units.
Footnote F2
Shares held following the reported transactions include 23,057 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 16,188 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, 2022. 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 39,245 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
Footnote F5
Each performance-based restricted stock unit (PSU) represented a contingent right to receive, upon vesting, one share of Issuer Class A common stock.
Footnote F6
Shares held following the reported transactions include 36,920 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
Footnote F7
Shares held following the reported transactions include 34,670 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
Footnote F8
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, 2022 and ending December 10, 2025. 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 F9
This option was granted for a total of 29,143 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, 2022, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter.
Footnote F10
The vesting of the PSU award was dependent upon the achievement of performance criteria measured during a three-year performance period beginning on December 16, 2019 and ending December 13, 2022. The reporting person was eligible to earn from 0% to 200% of the target award amount (which was 4,650 shares) 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. Following the end of the three-year performance period, the Issuer's Compensation Committee certified the achievement of the performance criteria at 80.98% of the target award amount resulting in the vesting of 3,765 PSUs. The remaining 885 PSUs were cancelled.