Form 4: Dycom VP & CAO Acquires Shares from PRSU Vesting

Dycom Industries' VP & CAO, Heather M. Floyd, acquired 809 shares of common stock through the vesting of performance-based restricted stock units, with 342 shares withheld for tax.

Summary

• Heather M. Floyd, VP & CAO of Dycom Industries Inc., acquired 809 shares of common stock on March 30, 2026.
• The acquisition resulted from the settlement of performance-vesting restricted stock units (PRSUs), for which no consideration was paid.
• The PRSUs vested due to the satisfaction of pre-established annual performance measures, including operating earnings and the ratio of operating cash flow to net income.
• The acquired shares include 266 supplemental shares that vested over a three-year performance period.
• Concurrently, 342 shares of common stock were withheld for the payment of tax liability incident to the vesting of PRSUs and time-vesting restricted stock units (TRSUs) at a price of $341.96 per share.
• Following these transactions, Heather M. Floyd beneficially owns 5,041 shares of Dycom common stock, which includes unvested TRSUs.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting the achievement of performance targets by the executive, which aligns executive incentives with company performance.

Positives

• The vesting of performance-vesting restricted stock units indicates that Dycom Industries met its pre-established performance measures related to operating earnings and the ratio of operating cash flow to net income.
• The acquisition of shares by a key executive aligns management's interests with those of shareholders.

Negatives

• A portion of the vested shares (342 shares) was withheld to cover tax liabilities, reducing the net increase in the executive's direct beneficial ownership.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as the vesting of performance-based restricted stock units, are common executive compensation practices. The achievement of performance targets for PRSU vesting can be viewed as a positive signal regarding the company's operational execution within its industry.

Stakeholder Impact

• Shareholders: The vesting of performance-based compensation indicates that the company met specific operational and financial targets, which generally benefits shareholders through improved company performance.

Key Dates

Recommendation

The filing details a routine insider transaction related to executive compensation. While the vesting of performance-based restricted stock units indicates the achievement of company performance targets, it does not provide new fundamental information to alter an investment thesis. It reinforces alignment between executive incentives and company performance.

Keywords

Dycom Industries, DY, Insider Transaction, Form 4, Restricted Stock Units, PRSU, Executive Compensation, Stock Acquisition, Performance Vesting