Form 4: Director Philip Gallagher Receives Dycom RSU Grant
Statement of Changes in Beneficial Ownership
Director Philip Gallagher was granted 331 restricted stock units by Dycom Industries, Inc. on May 28, 2026.
Summary
- Director Philip Gallagher acquired 331 restricted stock units (RSUs) from Dycom Industries, Inc.
- The RSUs were granted at no cost to the director.
- The units are scheduled to vest on May 28, 2027, or upon the date of the next annual shareholder meeting, whichever occurs first.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.
Positives
- Alignment of director interests with long-term shareholder value through equity-based compensation.
Negatives
- None identified.
Risks
- None identified.
Future Outlook
The RSUs will vest in one annual installment on May 28, 2027, or the date of the next annual meeting of shareholders.
Industry Context
StockSavvy.ai notes that equity grants to directors are standard corporate governance practices designed to incentivize board members and align their interests with those of the company's shareholders.
Comparison to Industry Standards
- The grant of RSUs to directors is a common practice among publicly traded companies in the construction and engineering sector to ensure long-term commitment from board members.
Stakeholder Impact
- Minimal impact on shareholders as the grant represents a standard director compensation package.
Next Steps
- Vesting of the 331 RSUs on May 28, 2027, or the next annual shareholder meeting.
Key Dates
| Date | Description |
|---|---|
| 05/28/2026 | Date of RSU grant transaction. |
| 05/29/2026 | Date of filing. |
| 05/28/2027 | Expected vesting date for the granted RSUs. |
Keywords
Dycom Industries, DY, Form 4, Insider Trading, Restricted Stock Units, Director Compensation
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