Form 4 for DLB Dolby Laboratories, Inc.
Accepted 2022-12-16 00:00:00 ET · period of report 2022-12-15 · accession 0001209191-22-061747 · 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 | 2022-12-16 | 2022-12-15 | DLB | Park Robert J | SVP, CFO | A - Grant | $0.00 | +17.6K | 48.0K | +58% | $0 |
| DM | 2022-12-16 | 2022-12-15 | DLB | Park Robert J | SVP, CFO | A - Grant | $0.00 | +40.5K | 31.7K | 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 | 2022-12-15 | A | A | 17,595 | $0.00 | 48,016 | D | — | — | (F1) Award represents a total of 17,595 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 15, 2022. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting. (F3) Shares include 197 shares acquired under the Issuer's Employee Stock Purchase Plan on November 15, 2022. (F2) Shares held following the reported transactions include 42,738 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest. |
| 2 | Derivative | Performance-Based Restricted Stock Unit | 2022-12-15 | A | A | 8,797 | $0.00 | 8,797 | D | — · — to — | 8,797 Class A Common Stock | (F4) 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 15, 2022 and ending December 10, 2025. Each PSU represents a right to receive, upon vesting, one share of Class A common stock. 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. |
| 3 | Derivative | Employee Stock Option (Right to Buy) | 2022-12-15 | A | A | 31,677 | $0.00 | 31,677 | D | $71.07 · — to 2032-12-15 | 31,677 Class A Common Stock | (F5) This option was granted for a total of 31,677 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 15, 2022, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter. |