Ryan F. Urness - Mar 28, 2023 Form 4 Insider Report for DYCOM INDUSTRIES INC (DY)

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DY	Restricted Stock Units	Award	$0	+4.52K	+17.18%	$0.00	30.9K	Mar 28, 2023	Direct	F1, F2, F3
transaction	DY	Common Stock	Award	$0	+3.25K	+10.53%	$0.00	34.1K	Mar 30, 2023	Direct	F3, F4
transaction	DY	Common Stock	Tax liability	-$434K	-4.57K	-13.38%	$95.17	29.5K	Mar 30, 2023	Direct	F5
transaction	DY	Common Stock	Sale	-$313K	-3.3K	-11.17%	$94.90	26.2K	Mar 30, 2023	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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, 2024.
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, 2023. 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	This price is a weighted average price. 3,300 shares were sold in multiple transactions at prices ranging from $94.89 to $95.00, inclusive. The reporting person undertakes to provide to Dycom Industries, Inc., any security holder of Dycom Industries, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.