Form 4 for DLB Dolby Laboratories, Inc.
Accepted 2023-12-19 00:00:00 ET · period of report 2023-12-15 · accession 0001209191-23-059257 · 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 | 2023-12-19 | 2023-12-15 | DLB | Revankar Shriram | SVP, Advanced Technology Group | A - Grant | $0.00 | +16.1K | 72.1K | +29% | $0 |
| D | 2023-12-19 | 2023-12-15 | DLB | Revankar Shriram | SVP, Advanced Technology Group | F - Tax | $88.60 | -1,309 | 70.8K | -2% | -$116.0K |
| DM | 2023-12-19 | 2023-12-15 | DLB | Revankar Shriram | SVP, Advanced Technology Group | A - Grant | $0.00 | +36.4K | 8,074 | 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 | 2023-12-15 | A | A | 16,149 | $0.00 | 72,070 | D | — | — | (F1) Award represents a total of 16,149 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, 2023. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting. (F3) Shares include 273 shares acquired under the Issuer's Employee Stock Purchase Plan on November 15, 2023. (F2) Shares held following the reported transactions include 63,408 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest. |
| 2 | Common | Class A Common Stock | 2023-12-15 | F | D | 1,309 | $88.60 | 70,761 | D | — | — | (F5) Shares held following the reported transactions include 60,769 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) | 2023-12-15 | A | A | 28,305 | $0.00 | 28,305 | D | $87.49 · — to 2033-12-15 | 28,305 Class A Common Stock | (F7) This option was granted for a total of 28,305 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, 2023, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter. |
| 4 | Derivative | Performance-Based Restricted Stock Unit | 2023-12-15 | A | A | 8,074 | $0.00 | 8,074 | D | — · — to — | 8,074 Class A Common Stock | (F6) The vesting of this performance-based restricted stock unit ("PSU") award is dependent upon (i) achievement of performance criteria measured during a three-year performance period beginning on December 15, 2023 and ending December 10, 2026 and (ii) a service-based vesting component to be satisfied upon certification of the achievement of the performance criteria. 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 upon certification by the Company's Compensation Committee of the achievement of the performance criteria, following the end of the three-year performance period. |