Dycom (NYSE: DY) CEO granted PRSU shares; 7,862 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dycom Industries President & CEO Daniel S. Peyovich received 13,370 shares of common stock on March 30, 2026 through the settlement of performance-vesting restricted stock units (PRSUs). No cash consideration was paid for this equity award.
The PRSUs vested based on pre-established performance measures tied to operating earnings and the ratio of operating cash flow to net income, and included 4,397 supplemental shares earned over a three-year performance period. To cover tax obligations from the vesting of PRSUs and time-vesting RSUs (TRSUs), 7,862 shares were withheld at $341.96 per share.
Following these transactions, Peyovich directly holds 60,493 shares of Dycom common stock, and an additional 10,000 shares are held indirectly by a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Peyovich Daniel S
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,370 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,862 | $341.96 | $2.69M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 68,355 shares (Direct);
Common Stock — 10,000 shares (Indirect, By Trust)
Footnotes (1)
- Represents shares of DY common stock acquired upon the settlement of performance-vesting restricted stock units ("PRSUs") on March 30, 2026. Each PRSU represented 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. The shares reported include 4,397 of supplemental shares that vested in connection with the satisfaction of the performance measures described in the previous sentence over the preceding three year performance period. No consideration was paid. Includes unvested time-vesting restricted stock units ("TRSUs"). Withholding of common stock for the payment of tax liability incident to the vesting of PRSUs and TRSUs.
Key Figures
PRSUs settled: 13,370 shares
Supplemental PRSU shares: 4,397 shares
Tax-withheld shares: 7,862 shares
+4 more
7 metrics
PRSUs settled
13,370 shares
Common stock acquired via PRSU settlement on March 30, 2026
Supplemental PRSU shares
4,397 shares
Supplemental shares vested over preceding three-year performance period
Tax-withheld shares
7,862 shares
Shares withheld to pay tax liability on PRSU and TRSU vesting
Tax withholding price
$341.96 per share
Value used for common stock withheld for taxes
Direct holdings after vesting
68,355 shares
Total direct shares following PRSU share acquisition
Direct holdings after tax
60,493 shares
Total direct shares following tax-withholding disposition
Indirect trust holdings
10,000 shares
Common stock held indirectly by trust
Key Terms
performance-vesting restricted stock units ("PRSUs"), time-vesting restricted stock units ("TRSUs"), operating earnings, operating cash flow, +1 more
5 terms
performance-vesting restricted stock units ("PRSUs") financial
"Represents shares of DY common stock acquired upon the settlement of performance-vesting restricted stock units ("PRSUs") on March 30, 2026."
time-vesting restricted stock units ("TRSUs") financial
"Includes unvested time-vesting restricted stock units ("TRSUs")."
operating earnings financial
"The annual performance measures are based on (i) operating earnings and (ii) the ratio of operating cash flow to net income,"
Operating earnings are the profit a company generates from its core business activities after subtracting everyday costs like wages, rent, and materials but before interest, taxes and one‑time gains or losses. Think of it as the result of running the business day to day—like a household’s monthly budget outcome before mortgage interest or a sudden unexpected bill—and investors use it to judge how healthy and repeatable a company’s core profit is.
operating cash flow financial
"The annual performance measures are based on (i) operating earnings and (ii) the ratio of operating cash flow to net income,"
Operating cash flow is the amount of money a company earns from its main business activities, like selling products or services. It shows how well the company can generate cash to pay bills, invest in growth, or return money to shareholders. This figure helps investors understand if the company’s core operations are healthy and sustainable.
net income financial
"The annual performance measures are based on (i) operating earnings and (ii) the ratio of operating cash flow to net income,"
Net income is the amount of money a company keeps after paying all its costs, interest, taxes and one-time charges — effectively the company’s profit “left over” at the end of a reporting period. Investors use it like a report card: it shows whether the business is generating real profit, influences earnings per share and dividend potential, and helps determine valuation and long-term financial health.
FAQ
What did DY CEO Daniel Peyovich report in this Form 4 filing?
Daniel S. Peyovich reported receiving 13,370 Dycom common shares from the vesting of performance-vesting restricted stock units, with no cash consideration paid. Shares were granted as equity compensation tied to pre-set performance measures over a multi-year period.
What performance measures affected the CEO’s PRSU vesting at Dycom (DY)?
The PRSUs vested based on annual performance measures tied to operating earnings and the ratio of operating cash flow to net income, each calculated before certain items. Meeting these pre-established targets determined the number of shares ultimately delivered.