Form 4: Dycom CFO DeFerrari Reports Stock Transactions

Dycom Industries' SVP & CFO H. Andrew DeFerrari reported the acquisition of 9,313 shares from PRSU vesting and the disposition of 6,176 shares for tax withholding.

Summary

• H. Andrew DeFerrari, SVP & CFO of Dycom Industries Inc. (DY), reported changes in beneficial ownership.
• Acquired 9,313 shares of common stock on March 30, 2026, from the settlement of performance-vesting restricted stock units (PRSUs).
• These acquired shares included 3,062 supplemental shares that vested due to the satisfaction of pre-established performance measures (operating earnings and operating cash flow to net income ratio) over a preceding three-year performance period.
• Disposed of 6,176 shares of common stock on March 30, 2026, at a price of $341.96 per share, to cover tax liabilities related to the vesting of both PRSUs and time-vesting restricted stock units (TRSUs).
• Following these transactions, DeFerrari beneficially owns 170,971 shares of common stock, which includes unvested TRSUs.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, primarily reflecting the successful achievement of performance targets that led to the vesting of PRSUs, partially offset by the routine tax-related share disposition.

Positives

• The acquisition of 9,313 shares through PRSU vesting indicates the satisfaction of pre-established performance measures, suggesting strong company performance over the preceding three-year period.
• The vesting of 3,062 supplemental shares further reinforces the achievement of performance targets related to operating earnings and operating cash flow to net income ratio.

Negatives

• The disposition of 6,176 shares for tax withholding reduces the direct beneficial ownership of the insider.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to equity compensation vesting, are common across industries. The disposition for tax purposes is a standard practice for executives receiving equity awards. The vesting of performance-based units suggests the company met its internal targets, which is generally a positive sign for operational execution within the specialized contracting services industry.

Related Party Transactions

• The acquisition of shares from performance-vesting restricted stock units and the disposition of shares for tax withholding are transactions between Dycom Industries Inc. and its SVP & CFO, H. Andrew DeFerrari, as part of his equity compensation.

Stakeholder Impact

• Shareholders: The vesting of performance-based units suggests the company met its internal performance targets, which could be viewed positively. The insider's continued significant ownership aligns interests.
• Management: H. Andrew DeFerrari's compensation package is being realized, reflecting performance.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction related to equity compensation vesting and tax withholding. It indicates that performance targets were met, which is a positive signal for operational execution. However, it does not provide new fundamental information to warrant a change in investment thesis. Therefore, a "hold" recommendation is appropriate as the filing confirms ongoing compensation practices and past performance without introducing new catalysts for significant price movement.

Keywords

Dycom Industries, DY, H. Andrew DeFerrari, Form 4, insider transaction, restricted stock units, PRSUs, TRSUs, beneficial ownership, CFO