Form 4: Dycom Executive's Stock Withholding for Tax Liability

Dycom Industries' SVP, GC & Secretary, Ryan F. Urness, reported a disposition of 318 common shares for tax obligations related to restricted stock unit vesting.

Summary

• Ryan F. Urness, SVP, GC & Secretary of Dycom Industries Inc. (DY), reported a transaction on December 2, 2025.
• The transaction involved the disposition of 318 shares of common stock at a price of $350.06 per share.
• This disposition was for the payment of tax liability incident to the vesting of restricted stock units.
• Following this transaction, Urness beneficially owns 36,681 shares of Dycom Industries common stock directly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating it was pre-arranged.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, non-discretionary transaction for tax purposes related to RSU vesting, not indicative of a positive or negative view on the company's future by the insider. It is a standard part of executive compensation.

Positives

• The transaction is a routine, non-discretionary event for tax withholding related to restricted stock unit vesting, not a discretionary sale by the insider.
• The executive continues to hold a substantial number of shares (36,681) in the company, indicating continued alignment with shareholder interests.

Negatives

• A reduction of 318 shares in the direct beneficial ownership of a key executive, although for a non-discretionary tax purpose.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing, as it is a report of a past insider transaction.

Management Comments

• The transaction represents 'Withholding of common stock for the payment of tax liability incident to the vesting of restricted stock units.'

Industry Context

This filing is an insider transaction report, which is a standard regulatory disclosure. It does not provide information directly related to broader industry trends or competitive landscape, but rather details an executive's compensation-related stock activity.

Stakeholder Impact

• Shareholders: The impact is minimal, as the disposition of shares is a routine tax-related event and does not signal a change in the executive's confidence in the company.
• Employees: This reflects standard executive compensation practices, specifically the tax implications of restricted stock unit vesting.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary transaction where an executive disposed of shares to cover tax liabilities associated with restricted stock unit vesting. It does not reflect a change in the executive's investment sentiment or the company's operational performance. Therefore, it provides no new information that would warrant a change in investment recommendation.

Keywords

Dycom Industries, DY, Form 4, Insider Transaction, Ryan F. Urness, Restricted Stock Units, Tax Withholding, Common Stock, Beneficial Ownership