Steven E. Nielsen - Mar 28, 2022 Form 4 Insider Report for DYCOM INDUSTRIES INC (DY)

Role
President & CEO, Director
Signature
/s/Ryan F. Urness, Attorney-in-fact for Steven E. Nielsen
Stock symbol
DY
Transactions as of
Mar 28, 2022
Transactions value $
-$304,603
Form type
4
Date filed
3/30/2022, 06:11 PM
Previous filing
Mar 11, 2022
Next filing
May 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DY Restricted Stock Units Award $0 +6.82K +1% $0.00 689K Mar 28, 2022 Direct F1, F2, F3
transaction DY Common Stock Award $0 +6.48K +0.94% $0.00 696K Mar 30, 2022 Direct F3, F4
transaction DY Common Stock Tax liability -$305K -3.13K -0.45% $97.34 693K Mar 30, 2022 Direct F5
transaction DY Common Stock Options Exercise $45.90 +1 +0% $45.94 693K Mar 30, 2022 Direct
transaction DY Common Stock Options Exercise $25.20 +1 +0% $25.15 693K Mar 30, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DY Stock Option (Right to Buy) Award $0 +22.4K $0.00 22.4K Mar 28, 2022 Common Stock 22.4K $97.49 Direct F6, F7
transaction DY Employee stock option (right to buy) Options Exercise $0 -1 0% $0.00 39.3K Mar 30, 2022 Common Stock 1 $45.94 Direct F6, F8
transaction DY Stock Option (Right to Buy) Options Exercise $0 -1 0% $0.00 63.3K Mar 30, 2022 Common Stock 1 $25.15 Direct F6, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to acquire one (1) share of Dycom Industries, Inc. common stock par value $0.33 1/3 per share ("DY common stock").
F2 The restricted stock units vest in four equal annual installments beginning March 30, 2023.
F3 No consideration was paid for the restricted stock units.
F4 Represents shares of DY common stock acquired upon the settlement of restricted stock units ("RSUs") on March 30, 2022. Each RSU represents a contingent right to acquire one share of DY common stock upon the satisfaction of pre-established performance measures set forth in the award documents. The annual performance measures are based on (i) operating earnings and (ii) the ratio of operating cash flow to net income, in each case before certain items.
F5 Withholding of common stock for the payment of tax liability incident to the vesting of restricted stock units.
F6 No consideration was paid for the derivative security.
F7 The option vests in four substantially equal annual installments beginning on March 28, 2023.
F8 The option vests in four substantially equal annual installments beginning on March 29, 2020.
F9 The option vests in four equal annual installments beginning on March 27, 2021.