Steven E. Nielsen - 30 Mar 2024 Form 4 Insider Report for DYCOM INDUSTRIES INC (DY)

Role
President & CEO, Director
Signature
/s/ Ryan F. Urness by POA from Steven E. Nielsen
Issuer symbol
DY
Transactions as of
30 Mar 2024
Transactions value $
-$1,010,208
Form type
4
Filing time
02 Apr 2024, 17:18:11
Previous filing
27 Mar 2024
Next filing
23 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DY Common Stock Award $0 +14.4K +2.09% $0.00 701K 30 Mar 2024 Direct F1, F2
transaction DY Common Stock Tax liability -$1.11M -7.74K -1.1% $143.53 693K 30 Mar 2024 Direct F3
transaction DY Common Stock Options Exercise $100K +3.98K +0.57% $25.15* 697K 01 Apr 2024 Direct
transaction DY Common Stock Gift $0 -9.5K -1.36% $0.00 688K 02 Apr 2024 Direct F4

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 Employee stock option (right to buy) Options Exercise $0 -3.98K -7.13% $0.00 51.8K 01 Apr 2024 Common Stock 3.98K $25.15 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of DY common stock acquired upon the settlement of restricted stock units ("RSUs") on March 30, 2024. 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 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.
F2 No consideration was paid for the restricted stock units.
F3 Withholding of common stock for the payment of tax liability incident to the vesting of restricted stock units.
F4 Gift to the Margaret Ellen Nielsen Foundation, a charitable foundation of which Mr. Nielsen is President and a Director. Mr. Nielsen disclaims beneficial ownership of all shares of common stock held by the foundation.
F5 No consideration was paid for the derivative security.
F6 The option vested in four substantially equal annual installments beginning on March 27, 2021.