Dycom (NYSE: DY) Executive VP & COO granted 3,604 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dycom Industries Executive VP & COO Kevin M. Wetherington received 3,604 shares of common stock as an equity award. The shares were acquired at no cost upon settlement of performance-vesting restricted stock units on March 30, 2026, after pre-established performance measures were met.
The performance targets were based on operating earnings and the ratio of operating cash flow to net income, each before certain items. The 3,604 shares include 1,185 supplemental shares that vested based on performance over a three-year period. Following this grant, Wetherington directly holds 20,242 shares, which include unvested time-vesting restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wetherington Kevin M
Role
Executive VP & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,604 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 20,242 shares (Direct)
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 1,185 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.
Key Figures
Shares granted: 3,604 shares
Total holdings after grant: 20,242 shares
Supplemental shares vested: 1,185 shares
+1 more
4 metrics
Shares granted
3,604 shares
Common stock acquired via PRSU settlement on March 30, 2026
Total holdings after grant
20,242 shares
Direct ownership after award, including unvested time-vesting RSUs
Supplemental shares vested
1,185 shares
Supplemental portion of PRSUs that vested over three-year period
Transaction price per share
$0.00 per share
No consideration paid for granted shares
Key Terms
performance-vesting restricted stock units, PRSUs, operating earnings, ratio of operating cash flow to net income, +1 more
5 terms
performance-vesting restricted stock units financial
"Represents shares of DY common stock acquired upon the settlement of performance-vesting restricted stock units ("PRSUs") on March 30, 2026."
Performance-vesting restricted stock units are a form of employee pay where future company shares are granted only if the business meets specific targets, such as revenue, profit, or stock-price goals. Think of them as a bonus you earn only when certain milestones are hit; for investors they matter because they can increase the number of shares outstanding if goals are met and they reveal how management is being motivated to hit particular financial or operational objectives.
PRSUs financial
"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."
A PRSU is a type of employee equity award that turns into actual company shares only if preset performance goals are met over a specified time. Think of it like a prize that only pays out when a team hits agreed targets; investors watch PRSUs because they tie management pay to results, can increase the number of shares outstanding when paid, and therefore affect shareholder value and incentives.
operating earnings financial
"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."
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.
ratio of operating cash flow to net income financial
"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."
time-vesting restricted stock units financial
"Includes unvested time-vesting restricted stock units."
FAQ
What insider transaction did Dycom (DY) report for Kevin M. Wetherington?
Dycom reported that Executive VP & COO Kevin M. Wetherington acquired 3,604 shares of common stock as an equity award. The shares came from performance-vesting restricted stock units that settled on March 30, 2026, after pre-established performance goals were achieved.
What performance measures triggered Kevin M. Wetherington’s PRSU settlement at Dycom (DY)?
The PRSUs settled based on annual performance measures tied to operating earnings and the ratio of operating cash flow to net income, each before certain items. Meeting these pre-established targets over the performance period led to the vesting of the share award.