0001209191-24-001863.txt : 20240118
0001209191-24-001863.hdr.sgml : 20240118
20240118175338
ACCESSION NUMBER: 0001209191-24-001863
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240116
FILED AS OF DATE: 20240118
DATE AS OF CHANGE: 20240118
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Estrada Megan
CENTRAL INDEX KEY: 0002005816
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35664
FILM NUMBER: 24543129
MAIL ADDRESS:
STREET 1: 1221 S. BELT LINE RD. SUITE 500
CITY: COPPELL
STATE: TX
ZIP: 75019
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Dave & Buster's Entertainment, Inc.
CENTRAL INDEX KEY: 0001525769
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812]
ORGANIZATION NAME: 07 Trade & Services
IRS NUMBER: 352382255
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0202
BUSINESS ADDRESS:
STREET 1: 2481 MANANA DRIVE
CITY: DALLAS
STATE: TX
ZIP: 75220
BUSINESS PHONE: 214-357-9588
MAIL ADDRESS:
STREET 1: 2481 MANANA DRIVE
CITY: DALLAS
STATE: TX
ZIP: 75220
FORMER COMPANY:
FORMER CONFORMED NAME: Dave & Buster's Parent, Inc.
DATE OF NAME CHANGE: 20110713
4
1
doc4.xml
FORM 4 SUBMISSION
X0508
4
2024-01-16
0
0001525769
Dave & Buster's Entertainment, Inc.
PLAY
0002005816
Estrada Megan
1221 S. BELT LINE RD., SUITE 500
COPPELL
TX
75019
0
1
0
0
Chief Marketing Officer
0
Common Stock
2024-01-16
4
A
0
13219
0.00
A
13219
D
Performance Stock Unit 6
2024-01-16
4
A
0
20271
0.00
A
Common Stock
20271
20271
D
Performance Stock Unit 7
2024-01-16
4
A
0
16217
0.00
A
Common Stock
16217
16217
D
Stock Option (Right to Buy)
49.33
2024-01-16
4
A
0
8514
49.33
A
Common Stock
8514
8514
D
Stock Option (Right to Buy)
49.33
2024-01-16
4
A
0
10135
49.33
A
Common Stock
10135
10135
D
Represents the Target Achievable performance-based restricted stock units ("PSUs") for the five-year performance period from January 16, 2024 through January 16, 2029. The number of PSUs earned will equal to the Target Achievable PSUs if the Companys Common Stock share price is greater than or equal to $98.66; based on the volume-weighted average price for the sixty (60) consecutive trading days ending on January 16. 2029 ("Target Price"). Early vesting may occur upon achievement of the Target Price prior to January 16, 2029. Upon the 1st early achievement of the Target Price, 25% of the PSUs will vest 1 year after such date; 25% of the PSUs will vest on 2 years after such date; and 50% of the PSUs ("Remaining PSUs") will vest on January 16, 2029. Upon the 2nd early achievement of the Target Price, 50% of the Remaining PSUs will vest 1 year after such date; and 50% of the Remaining PSUs will vest on 2 years after such date. No early vesting shall occur later than January 16, 2029.
Represents the Target Achievable performance-based restricted stock units ("PSUs") for the five-year performance period from January 16, 2024 through January 16, 2029. The number of PSUs earned will equal to the Target Achievable PSUs if the Companys Common Stock share price is greater than or equal to $147.99; based on the volume-weighted average price for the sixty (60) consecutive trading days ending on January 16. 2029 ("Target Price"). Early vesting may occur upon achievement of the Target Price prior to January 16, 2029. Upon the 1st early achievement of the Target Price, 25% of the PSUs will vest 1 year after such date; 25% of the PSUs will vest on 2 years after such date; and 50% of the PSUs ("Remaining PSUs") will vest on January 16, 2029. Upon the 2nd early achievement of the Target Price, 50% of the Remaining PSUs will vest 1 year after such date; and 50% of the Remaining PSUs will vest on 2 years after such date. No early vesting shall occur later than January 16, 2029.
Vests in equal installments on January 16, 2025, 2026, 2027, 2028 and 2029.
This grant is subject to a condition whereby the Reporting Person is required to purchase $500,000 (the "Maximum Amount") in the Registrants common stock, par value $0.01 per share (the "Common Stock") during an open trading window on or before April 23, 2024 (or the next available open trading window if the preceding trading windows are closed), hold such purchased Common Stock when the related options vest subject to a decline in the amount of required holding by 20% upon the vesting of each annual installment. In the event Reporting Person fails to comply with the purchasing vesting condition, they will forfeit an amount of the options proportionate to any shortfall from such Maximum Amount to a minimum threshold of $200,000 after which all of the options will be forfeited. Subject to the forgoing conditions, the options vest in equal installments on January 16, 2025, 2026, 2027, 2028 and 2029.
Sherri M. Smith, Attorney-in-Fact
2024-01-18