Form 4: Dave & Buster's Executive Receives Stock Grant

Tony Wehner, President of Operations for Main Event at Dave & Buster's Entertainment, Inc., was granted 28,576 restricted stock units and 12,247 performance-based restricted stock units.

Summary

• Tony Wehner, President of Operations for Main Event at Dave & Buster's Entertainment, Inc. (PLAY), received a grant of 28,576 restricted stock units (RSUs) on June 2, 2026.
• These RSUs are part of the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan and will vest in three equal annual installments on June 2, 2027, 2028, and 2029.
• Additionally, Mr. Wehner was granted 12,247 performance-based restricted stock units (PSUs) on the same date.
• These PSUs are tied to the fiscal year 2026 performance period and will be considered earned if the company achieves positive Same Store Sales during that period.
• Following these transactions, Mr. Wehner beneficially owns 114,883 shares of common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, reflecting standard executive compensation practices and a focus on performance-based incentives.

Positives

• Grant of restricted stock units and performance-based stock units to a key executive, indicating a commitment to retaining and incentivizing leadership.
• The grant of 28,576 RSUs and 12,247 PSUs suggests confidence in future company performance and the executive's ability to drive it.
• The vesting schedule for RSUs over three years aligns executive interests with long-term shareholder value.

Risks

• The performance-based restricted stock units are contingent on achieving positive Same Store Sales, which could be impacted by market conditions or competitive pressures.
• Vesting of RSUs is subject to continued employment, meaning any departure before vesting dates would result in forfeiture.

Future Outlook

The grant of performance-based stock units suggests management's expectation of achieving positive Same Store Sales in fiscal year 2026.

Industry Context

StockSavvy.ai notes that the issuance of stock-based compensation, particularly performance-based units, is a common practice in the entertainment and hospitality industry to align executive incentives with key performance indicators like same-store sales growth.

Stakeholder Impact

• Shareholders: The grant of stock units to executives is a standard form of compensation that can align management's interests with long-term shareholder value creation, provided performance targets are met.
• Employees: This filing does not directly impact other employees, but it reflects the company's compensation strategy for its senior leadership.
• Management: The executive receiving the grant is directly incentivized to achieve specific company performance goals.

Next Steps

• Vesting of restricted stock units on June 2, 2027, 2028, and 2029.
• Evaluation of performance for the fiscal year 2026 to determine the earning of performance-based restricted stock units.

Key Dates

Keywords

Form 4, SEC Filing, Dave & Buster's, PLAY, Tony Wehner, Restricted Stock Units, Performance Stock Units, Executive Compensation, Stock Grant, Omnibus Incentive Plan