Form 4: Dycom Industries CEO Steven Nielsen Reports Stock Transactions
SEC Form 4
Steven Nielsen, President and CEO of Dycom Industries, reports acquisition and disposal of company stock, including shares from RSU settlements, tax withholdings, option exercises, and a gift to a charitable foundation.
Summary
- Steven Nielsen, the President and CEO of Dycom Industries, reported several transactions involving Dycom Industries Inc. common stock.
- On March 30, 2024, Mr. Nielsen acquired 14,376 shares of common stock upon the settlement of restricted stock units (RSUs) at a price of $0.00.
- Also on March 30, 2024, 7,735 shares were disposed of at $143.53 per share to cover tax liabilities related to the vesting of the RSUs.
- On April 1, 2024, Mr. Nielsen exercised an option to acquire 3,976 shares at a price of $25.15 per share.
- On April 2, 2024, Mr. Nielsen gifted 9,500 shares to the Margaret Ellen Nielsen Foundation, a charitable foundation where he serves as President and Director.
- Following these transactions, Mr. Nielsen directly owns 687,542 shares of Dycom Industries Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for officers and directors of publicly traded companies, such as Dycom Industries, to report changes in their beneficial ownership of company stock.
- Similar filings are made by executives at companies like Quanta Services and MasTec, which are also major players in the infrastructure services industry.
- The reported transactions, including RSU settlements, tax withholdings, option exercises, and charitable gifts, are common types of transactions disclosed in these filings.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
- The gift to the Margaret Ellen Nielsen Foundation could be viewed positively by stakeholders interested in corporate social responsibility.
Key Dates
| Date | Description |
|---|---|
| 03/27/2021 | Option vested in four substantially equal annual installments beginning on this date. |
| 03/30/2024 | Acquisition of 14,376 shares via RSU settlement and disposal of 7,735 shares for tax liability. |
| 04/01/2024 | Exercise of option for 3,976 shares. |
| 04/02/2024 | Gift of 9,500 shares to the Margaret Ellen Nielsen Foundation. |
| 03/27/2030 | Expiration date of employee stock option. |
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