Form 4: Dycom Director Awarded 381 Restricted Stock Units

Dycom Industries Director Philip R. Gallagher received an award of 381 restricted stock units, vesting in October 2026.

Summary

• Philip R. Gallagher, a Director of Dycom Industries, Inc. (DY), was granted 381 Restricted Stock Units (RSUs).
• The transaction date for this acquisition was October 7, 2025.
• No monetary consideration was paid for these restricted stock units.
• Each restricted stock unit represents a contingent right to acquire one share of Dycom Industries, Inc. common stock.
• The 381 restricted stock units will vest in a single annual installment on October 7, 2026.
• Following this transaction, Philip R. Gallagher beneficially owns 381 restricted stock units directly.
• A Power of Attorney was executed on October 7, 2025, appointing Ryan F. Urness and H. Andrew DeFerrari as attorneys-in-fact to execute and file SEC Forms 3, 4, and 5 on behalf of Philip R. Gallagher.

Sentiment

Score: 6

Explanation: The filing reports a standard compensation event for a director, which is generally viewed as a neutral to slightly positive development as it aligns management interests with shareholders. There are no significant positive or negative financial implications for the company's immediate performance.

Positives

• The grant of restricted stock units aligns the director's interests with those of shareholders, promoting long-term value creation.
• This compensation package serves as a retention incentive for key management personnel.

Future Outlook

The restricted stock units are scheduled to vest in one annual installment on October 7, 2026, at which point they will convert into shares of Dycom Industries, Inc. common stock.

Industry Context

The grant of restricted stock units to a director is a common practice in publicly traded companies as a form of non-cash compensation, aiming to align executive and director incentives with shareholder interests over the long term. This is a standard component of corporate governance and executive compensation strategies across various industries.

Corporate Governance

Stakeholder Impact

• Shareholders: Minor potential for future dilution upon vesting of RSUs, but generally viewed as a positive for aligning director incentives with long-term shareholder value.
• Director (Philip R. Gallagher): Receives equity compensation, increasing his stake and alignment with the company's performance.

Next Steps

• The 381 restricted stock units will vest on October 7, 2026, converting into shares of Dycom Industries, Inc. common stock.

Key Dates

Keywords

Dycom Industries, DY, Restricted Stock Units, RSU, Insider Transaction, Form 4, Director Compensation, Philip R. Gallagher, Equity Award