Earnings Feed
Start Free
Dave & Buster's Entertainment, Inc.·4

Mar 27, 9:43 PM ET

Wehner Tony 4

4 · Dave & Buster's Entertainment, Inc. · Filed Mar 27, 2026

Research Summary

AI-generated summary of this filing

Updated

Dave & Buster's (PLAY) COO Tony Wehner Receives RSU Grants

What Happened Tony Wehner, Chief Operating Officer of Dave & Buster's Entertainment, was the subject of multiple equity transactions dated October 7, 2025 and reported on a Form 4 filed March 27, 2026. The filing shows awards (grants) totaling 92,091 restricted stock units (RSUs) issued at $0 and the disposition/cancellation of 48,596 performance-based RSUs (also recorded at $0). These were grants and derivative adjustments under the company's 2025 Omnibus Incentive Plan; no cash purchase or open-market sale is reported.

Key Details

  • Transaction date: October 7, 2025; Form 4 filed March 27, 2026 (late filing / corrected disclosure).
  • Grants (all $0): 11,013; 11,013; 41,794; and 28,271 RSUs — total 92,091 RSUs granted.
  • Dispositions/cancellations (all $0, derivative): 21,598 and 26,998 performance-based RSUs — total 48,596 cancelled/disposed.
  • Vesting for the restricted stock units: the RSUs will vest in three equal annual installments on July 14, 2026, 2027 and 2028 (see footnote F1).
  • Filing correction: the Form 4 corrects the ownership total reported in a prior Form 4 (Dec 23, 2025); that earlier filing understated ownership by 11,013 shares (footnote F2).
  • Performance-based awards cancelled: represents cancellation of performance-based RSUs granted October 7, 2022 (footnote F3).
  • Other awards referenced: the filing also discloses stock option grants with time- and price-based vesting conditions (footnotes F4–F6), including options that vest upon achieving 60-day trailing VWAP hurdles (~$64.12 and $96.18 thresholds).
  • Shares owned after the transaction: the corrected total is reported on the Form 4 itself; the supplied summary does not list the exact post-transaction total.

Context

  • These entries are largely compensation-related (RSU grants and cancellations) rather than open-market buying or selling. Grants at $0 are common for equity compensation and are not an immediate cash outlay by the insider.
  • Cancellations of performance-based RSUs indicate those prior awards did not meet the applicable performance conditions; they should not be read as an open-market sale.
  • The filing was submitted several months after the transaction date and includes a corrective disclosure to prior reporting; late or corrective filings do not necessarily indicate trading intent but do affect the timeliness of public disclosure.

Insider Transaction Report

Form 4
Period: 2025-10-07
Dave & Buster's Entertainment, Inc.PLAY
Wehner Tony
SVP, Chief Operating Officer
Transactions
  • Award

    Common Stock

    [F1][F2]
    2025-10-07+11,013→ 65,003 total
  • Disposition to Issuer

    Performance Stock Unit

    [F3]
    2025-10-07−21,598→ 0 total
    → Common Stock (21,598 underlying)
  • Disposition to Issuer

    Performance Stock Unit

    [F3]
    2025-10-07−26,998→ 0 total
    → Common Stock (26,998 underlying)
  • Award

    Stock Option (Right to Buy)

    [F4]
    2025-10-07+11,013→ 11,013 total
    Exercise: $22.70Exp: 2035-10-07→ Common Stock (11,013 underlying)
  • Award

    Stock Option (Right to Buy)

    [F5]
    2025-10-07+41,794→ 41,794 total
    Exercise: $22.70Exp: 2035-10-07→ Common Stock (41,794 underlying)
  • Award

    Stock Option (Right to Buy)

    [F6]
    2025-10-07+28,271→ 28,271 total
    Exercise: $34.05Exp: 2035-10-07→ Common Stock (28,271 underlying)
Footnotes (6)
  • [F1]Represents restricted stock units granted to the reporting person under the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan (the "Plan"). The restricted stock units will vest in three equal annual installments on each of July 14, 2026, 2027 and 2028.
  • [F2]This Form 4 includes the corrected ownership total in Table I, Column 5. The Form 4 filed by the reporting person on December 23, 2025 understated the ownership total in Table I, Column 5 by 11,013 shares due to an administrative error failing to account for the grant of the restricted stock units described further in Note (1).
  • [F3]Represents the cancellation of the performance-based restricted stock units subject to stock price-based vesting conditions previously granted to the reporting person on October 7, 2022.
  • [F4]Represents stock options granted to the reporting person under the Plan. The shares underlying these stock options will vest and become exercisable in three equal annual installments on each of July 14, 2026, 2027 and 2028.
  • [F5]Represents stock options granted to the reporting person under the Plan. The stock options will become earned upon the first date (the "2X Attainment Date") occurring before February 1, 2028 on which the 60-day trailing volume weighted average closing price ("VWAP") of the shares of common stock, $0.01 par value per share (the "Common Stock"), of Dave & Buster's Entertainment, Inc. (the "Issuer") is greater than or equal to $64.12. After the 2X Attainment Date, the shares underlying these stock options will vest and become exercisable on either the first or the second anniversary of the 2X Attainment Date depending on the Issuer's 60-day trailing VWAP on the first anniversary of the 2X Attainment Date.
  • [F6]Represents stock options granted to the reporting person under the Plan. The stock options will become earned upon the first date (the "3X Attainment Date") occurring before February 1, 2028 on which the 60-day trailing VWAP of the Common Stock is greater than or equal to $96.18. After the 3X Attainment Date, the shares underlying these stock options will vest and become exercisable on either the first or the second anniversary of the 3X Attainment Date depending on the Issuer's 60-day trailing VWAP on the first anniversary of the 3X Attainment Date.
Signature
Sherri M. Smith, Attorney-in-Fact|2026-03-27

Documents

1 file
  • 4
    ownership.xmlPrimary

    4