Form 4 for DLB Dolby Laboratories, Inc.
Accepted 2024-12-18 00:00:00 ET · period of report 2024-12-16 · accession 0000950170-24-138161 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-12-18 | 2024-12-16 | DLB | Park Robert J | SVP, CFO | A - Grant | $0.00 | +18.1K | 73.0K | +33% | $0 |
| D | 2024-12-18 | 2024-12-16 | DLB | Park Robert J | SVP, CFO | F - Tax | $79.18 | -3,725 | 69.3K | -5% | -$294.9K |
| DM | 2024-12-18 | 2024-12-16 | DLB | Park Robert J | SVP, CFO | A - Grant | $0.00 | +41.0K | 9,070 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-12-16 | A | A | 18,141 | $0.00 | 73,012 | D | — | — | (F1) Award represents a total of 18,141 restricted stock units granted under the terms of the Issuer's 2020 Stock Plan. Under the terms of the restricted stock unit grant agreement, 1/4 of the total number of units shall vest on each anniversary of December 16, 2024. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting. (F2) Shares held following the reported transactions include 54,714 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest. |
| 2 | Common | Class A Common Stock | 2024-12-16 | F | D | 3,725 | $79.18 | 69,287 | D | — | — | (F4) Shares held following the reported transactions include 46,567 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest. |
| 3 | Derivative | Employee Stock Option (Right to Buy) | 2024-12-16 | A | A | 31,890 | $0.00 | 31,890 | D | $77.91 · — to 2034-12-16 | 31,890 Class A Common Stock | (F6) This option was granted for a total of 31,890 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vests on the first anniversary of December 16, 2024, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter. |
| 4 | Derivative | Performance-Based Restricted Stock Unit | 2024-12-16 | A | A | 9,070 | $0.00 | 9,070 | D | — · — to — | 9,070 Class A Common Stock | (F5) The vesting of this performance-based restricted stock unit ("PSU") award is dependent upon achievement of performance criteria measured during a three-year performance period beginning on December 16, 2024 and ending December 13, 2027. The number of shares reported is at the target award amount. The reporting person may potentially earn from 0% to 200% of the target award amount based on achievement of annualized total shareholder return compared to the S&P Mid Cap 400 Index at the end of the three-year performance period. The actual PSU award earned shall vest immediately upon certification by the Company's Compensation Committee of the achievement of the performance criteria, following the end of the three-year performance period. |