Velarion · Company Intelligence
Compensation Brief
Fiscal year 2026 · Filings through 2026-06-02

Dycom Industries (DY)

Fiscal year 2026 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$2,175,533
Jill Ramshaw total, FY2026
CEO pay percentile vs peers
134:1
CEO-to-median pay ratio
97.04%
Say-on-pay support, latest vote
Companies that benchmark against DY
14 companies name DY as a compensation peer

Each company listed discloses DY in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named DY in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2026

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Jill Ramshaw$432,692$0$1,058,234$0$681,490$0$3,117$2,175,533
Senior Vice President and Chief Human Resources Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2026 totalFY2025 totalFY2024 totalΔ FY20252026
Jill Ramshaw$2,175,533

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2026 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Raejeanne SkillernDirector2026-05-04A41$429$17,608CommonForm 4 ↗
Jennifer M. FritzscheDirector2026-05-04A2542910,737CommonForm 4 ↗
Stephen O. LeClairDirector2026-05-04A2842912,025CommonForm 4 ↗
Philip R. GallagherDirector2026-05-04A2842912,025CommonForm 4 ↗
Richard K. SykesDirector2026-05-28A33100CommonForm 4 ↗
Richard K. SykesDirector2026-05-28A14200CommonForm 4 ↗
Carmen M. SabaterDirector2026-05-28A33100CommonForm 4 ↗
Peter T. Pruitt JrDirector2026-05-28A33100CommonForm 4 ↗
Raejeanne SkillernDirector2026-05-28A33100CommonForm 4 ↗
Philip R. GallagherDirector2026-05-28A33100CommonForm 4 ↗
Jennifer M. FritzscheDirector2026-05-28A33100CommonForm 4 ↗
Eitan GertelDirector2026-05-28A33100CommonForm 4 ↗
Stephen O. LeClairDirector2026-05-28A33100CommonForm 4 ↗
Jennifer M. FritzscheDirector2026-06-02D10000CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2026

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jill RamshawRSU2025-02-171,639$292,070
Jill RamshawPSU2025-03-252,3714,742383,082
Jill RamshawRSU2025-03-252,371383,082
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jill Ramshaw$675,152$383,082$036.2%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program is aligned with our business strategy and our culture and is designed to attract and retain top talent, reward performance and maximize shareholder value. Our holistic view of performance considers the individual's ability to deliver business results, their leadership skills, their business experience and their ability to execute the Company's strategic goals.

CEO STI target (% of salary)115%
CEO LTI target (% of salary)
Independent consultantNot disclosed
Clawback policy
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2824,341,198743,27719,57597.04%Passed
20252025-05-2222,788,7361,541,821113,68093.66%Passed
20242024-05-2323,684,350612,66447,57997.48%Passed
20232023-05-2624,301,7601,115,834164,69295.61%Passed
20222022-05-2624,573,7861,110,95632,82695.67%Passed
20212021-05-2624,760,9371,021,05528,60996.04%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2897.04%a
20252025-05-2293.66%b
20242024-05-2397.48%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)134 : 1
CEO total compensation$8,011,338
Median employee compensation$59,800
08

Director compensation — fiscal year 2026

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Philip R. GallagherIndependent · Partial-year service · Newly elected$14,920$124,484$0$0$0$139,404
Stephen O. LeClairIndependent · Partial-year service · Newly elected3,25095,34400098,594
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$150,000
Per board meeting fee$2,250
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 15,000
Stock ownership guidelinethe Board has established stock ownership guidelines for the non-employee directors to further align their economic interests with those of the Company's shareholders
09b

Total cost of the board

ComponentFY2026
Cash retainers and fees$18,170
Equity awards (grant-date value)$219,828
All other compensation$0
Total cost of the board$237,998

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2026

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Dycom Industries names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Dycom Industries.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Emcor Group, Inc.2025Anthony Guzzi$1,325,000$3,505,903$0$9,375,000$14,380,630
2NOV, Inc.2025Clay Williams1,000,0009,576,940899,2081,129,49212,713,187
3Tetra Tech, Inc.2025Dan L. Batrack1,245,6737,798,84102,506,50011,622,399
4KBR, Inc.2025Stuart Bradie1,310,3084,879,03405,227,13211,614,552
5MasTec, Inc.2025Jose Mas1,250,0008,000,00002,250,00011,544,386
6Comfort Systems USA, Inc.2025Brian Lane1,250,0006,249,8123,096,12510,620,815
7Tutor Perini Corporation2025Gary Smalley1,200,0005,693,19602,777,61910,041,405
8Granite Construction, Inc.2025Kyle Larkin1,000,0007,178,77701,612,9359,861,425
9ABM Industries, Inc.2025Scott Salmirs1,025,0006,449,99701,622,1889,111,185
10Sterling Infrastructure, Inc.2025Joseph Cutillo1,100,0004,675,00002,530,0008,414,685
11Arcosa, Inc.2025Antonio Carrillo1,000,0005,127,74101,937,5008,092,216
12MYR Group, Inc.2025Richard Swartz941,4613,837,84601,572,5146,387,221
13IES Holdings, Inc.2025Matthew Simmes793,750772,18204,632,0126,203,398
14Clean Harbors, Inc.2025Eric Gerstenberg1,000,0003,197,11001,719,0005,929,422
15Primoris Services Corp.2025Koti Vadlamudi115,385900,104002,176,941
16Dycom Industries2026Jill Ramshaw432,6921,058,2340681,4902,175,533
Archrock, Inc.not in coverage universe
Valmont Industries, Inc.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Dycom Industries226%PSU 50 · RSU 50NoNot disclosed
ABM Industries, Inc.105%PSU 60 · RSU 40NoPay Governance
Archrock, Inc.not disclosednot disclosednot disclosednot disclosed
Arcosa, Inc.not disclosednot disclosedYes — rTSRNot disclosed
Clean Harbors, Inc.not disclosednot disclosedNoMeridian Compensation Partners
Comfort Systems USA, Inc.200%RSU 50 · PSU 50NoCompensation Advisory Partners; Willis Towers Watson
Emcor Group, Inc.300%RSU 50 · Cash LTI 50NoMercer
Granite Construction, Inc.134%PSU 75 · RSU 25Yes — Relative TSRFW Cook
IES Holdings, Inc.not disclosedPSU 67 · RSU 33NoMercer US, Inc.
KBR, Inc.113.1%PSU 66 · RSU 33Yes — Relative Total Stockholder Return (TSR)Meridian Compensation Partners, LLC
MasTec, Inc.not disclosedRSU 100not disclosedMeridian
MYR Group, Inc.165.5%PSU 70 · RSU 30Yes — TSRMercer
NOV, Inc.87%PSU 50 · RSU 40 · Options 10Yes — TSR (total shareholder return) goalMeridian Compensation Partners
Primoris Services Corp.190%PSU 65 · RSU 35NoMeridian Compensation Partners
Sterling Infrastructure, Inc.200%PSU 60 · RSU 40Yes — Relative Total Shareholder Return (TSR)Meridian Compensation Partners
Tetra Tech, Inc.134%PSU 60 · RSU 40Yes — Relative TSRMeridian Compensation Partners
Tutor Perini Corporation154.3%not disclosedNoMeridian Compensation Partners
Valmont Industries, Inc.94.6%not disclosedNonot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Jill RamshawDEF 14A2026-04-160000067215-26-000017Section “SUMMARY COMPENSATION TABLE” · page 49. As printed: 2,175,533. Filing ↗machine: span 914981–914990
2Section 03, Jill Ramshaw RSUDEF 14A2026-04-160000067215-26-000017Section “GRANT OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. Filing ↗machine: t119 · r12 · c30 · span 1007253–1007260
3Section 03, Jill Ramshaw PSUDEF 14A2026-04-160000067215-26-000017Section “Grant of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t119 · r14 · c15 · span 1015337–1015342
4Section 03, Jill Ramshaw RSUDEF 14A2026-04-160000067215-26-000017Section “Grant of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t119 · r14 · c15 · span 1015337–1015342
5Section 07, pay ratioDEF 14A2026-04-160000067215-26-000017Section “CEO Pay Ratio”. As printed: 134 : 1. Filing ↗machine: span 1197883–1197892
6Section 08, Philip R. GallagherDEF 14A2026-04-160000067215-26-000017Section “Director Compensation”. As printed: 139,404. Filing ↗machine: t72 · r4 · c22 · span 441339–441347
7Section 08, Stephen O. LeClairDEF 14A2026-04-160000067215-26-000017Section “Director Compensation”. As printed: 98,594. Filing ↗machine: t72 · r6 · c22 · span 449812–449819
8Section 02, Raejeanne Skillern 2026-05-04Form 42026-05-050001946684-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
9Section 02, Jennifer M. Fritzsche 2026-05-04Form 42026-05-050001829962-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
10Section 02, Stephen O. LeClair 2026-05-04Form 42026-05-050001659312-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
11Section 02, Philip R. Gallagher 2026-05-04Form 42026-05-050001456412-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
12Section 02, Richard K. Sykes 2026-05-28Form 42026-05-290001735666-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
13Section 02, Richard K. Sykes 2026-05-28Form 42026-05-290001735666-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
14Section 02, Carmen M. Sabater 2026-05-28Form 42026-05-290001919348-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
15Section 02, Peter T. Pruitt Jr 2026-05-28Form 42026-05-290001758927-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Raejeanne Skillern 2026-05-28Form 42026-05-290001946684-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Philip R. Gallagher 2026-05-28Form 42026-05-290001456412-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Jennifer M. Fritzsche 2026-05-28Form 42026-05-290001829962-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Eitan Gertel 2026-05-28Form 42026-05-290001378818-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Stephen O. LeClair 2026-05-28Form 42026-05-290001659312-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Jennifer M. Fritzsche 2026-06-02Form 42026-06-020001829962-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
22Section 06, 2026 voteForm 8-K2026-06-010000067215-26-000028Item 5.07 · say-on-pay result. As reported: 97.04% (votes for as printed: 24,341,198). Filing ↗
23Section 06, 2025 voteForm 8-K2025-05-270000067215-25-000044Item 5.07 · say-on-pay result. As reported: 93.66% (votes for as printed: 22,788,736). Filing ↗
24Section 06, 2024 voteForm 8-K2024-05-230000947871-24-000528Item 5.07 · say-on-pay result. As reported: 97.48% (votes for as printed: 23,684,350). Filing ↗
25Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
26Section 09b board cost (computed)ComputedcomputedCash 18,170 + equity 219,828 + all other 0 = 237,998, summed across the director compensation table rows.machine: formula: Σ = 237,998
27Emcor Group, Inc., Section 10b CEO totalDEF 14A2026-04-210001140361-26-015809CEO total compensation as printed in Emcor Group, Inc.'s own proxy. As printed: 14,380,630. Filing ↗machine: t131 · r2 · c24 · span 391861–391872
28NOV, Inc., Section 10b CEO totalDEF 14A2026-04-090001193125-26-148884CEO total compensation as printed in NOV, Inc.'s own proxy. As printed: 12,713,187. Filing ↗machine: t130 · r2 · c35 · span 574372–574382
29Tetra Tech, Inc., Section 10b CEO totalDEF 14A2026-01-090001104659-26-002458CEO total compensation as printed in Tetra Tech, Inc.'s own proxy. As printed: 11,622,399. Filing ↗machine: t51 · r1 · c29 · span 1221310–1221320
30KBR, Inc., Section 10b CEO totalDEF 14A2026-03-300001104659-26-036847CEO total compensation as printed in KBR, Inc.'s own proxy. As printed: 11,614,552. Filing ↗machine: t266 · r7 · c14 · span 1965148–1965158
31MasTec, Inc., Section 10b CEO totalDEF 14A2026-04-090001140361-26-014022CEO total compensation as printed in MasTec, Inc.'s own proxy. As printed: 11,544,386. Filing ↗machine: r2 · c19 · span 995699–995710
32Comfort Systems USA, Inc., Section 10b CEO totalDEF 14A2026-04-090001308179-26-000245CEO total compensation as printed in Comfort Systems USA, Inc.'s own proxy. As printed: 10,620,815. Filing ↗machine: r1 · c12 · span 843490–843500
33Tutor Perini Corporation, Section 10b CEO totalDEF 14A2026-04-090000077543-26-000088CEO total compensation as printed in Tutor Perini Corporation's own proxy. As printed: 10,041,405. Filing ↗machine: r3 · c42 · span 637136–637146
34Granite Construction, Inc., Section 10b CEO totalDEF 14A2026-04-230000861459-26-000012CEO total compensation as printed in Granite Construction, Inc.'s own proxy. As printed: 9,861,425. Filing ↗machine: t43 · r4 · c18 · span 618853–618862
35ABM Industries, Inc., Section 10b CEO totalDEF 14A2026-02-130001193125-26-050152CEO total compensation as printed in ABM Industries, Inc.'s own proxy. As printed: 9,111,185. Filing ↗machine: r3 · c6 · span 1264333–1264342
36Sterling Infrastructure, Inc., Section 10b CEO totalDEF 14A2026-03-250000874238-26-000042CEO total compensation as printed in Sterling Infrastructure, Inc.'s own proxy. As printed: 8,414,685. Filing ↗machine: span 669281–669290
37Arcosa, Inc., Section 10b CEO totalDEF 14A2026-03-310001739445-26-000050CEO total compensation as printed in Arcosa, Inc.'s own proxy. As printed: 8,092,216. Filing ↗machine: t194 · r4 · c14 · span 1027065–1027074
38MYR Group, Inc., Section 10b CEO totalDEF 14A2026-03-040000700923-26-000017CEO total compensation as printed in MYR Group, Inc.'s own proxy. As printed: 6,387,221. Filing ↗machine: r2 · c24 · span 728070–728079
39IES Holdings, Inc., Section 10b CEO totalDEF 14A2026-01-070001048268-26-000018CEO total compensation as printed in IES Holdings, Inc.'s own proxy. As printed: 6,203,398. Filing ↗machine: r6 · c48 · span 402367–402376
40Clean Harbors, Inc., Section 10b CEO totalDEF 14A2026-04-100000822818-26-000013CEO total compensation as printed in Clean Harbors, Inc.'s own proxy. As printed: 5,929,422. Filing ↗machine: r5 · c45 · span 683235–683244
41Primoris Services Corp., Section 10b CEO totalDEF 14A2026-03-200001104659-26-032237CEO total compensation as printed in Primoris Services Corp.'s own proxy. As printed: 2,176,941. Filing ↗machine: span 1489439–1489448
42Dycom Industries (subject), Section 10b CEO totalDEF 14A2026-04-160000067215-26-000017CEO total compensation as printed in Dycom Industries's own proxy. As printed: 2,175,533. Filing ↗machine: span 914981–914990
43Section 10a, Primoris Services Corp. reciprocityDEF 14A0001104659-26-032237Primoris Services Corp. names Dycom Industries in its own disclosed peer group (read from its most recent proxy). Filing ↗
44Section 10a, Tetra Tech, Inc. reciprocityDEF 14A0001104659-26-002458Tetra Tech, Inc. names Dycom Industries in its own disclosed peer group (read from its most recent proxy). Filing ↗
45Section 10a, ABM Industries, Inc. reciprocityDEF 14A0001193125-26-050152ABM Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include Dycom Industries. Filing ↗
46Section 10a, Arcosa, Inc. reciprocityDEF 14A0001739445-26-000050Arcosa, Inc. names Dycom Industries in its own disclosed peer group (read from its most recent proxy). Filing ↗
47Section 10a, Clean Harbors, Inc. reciprocityDEF 14A0000822818-26-000013Clean Harbors, Inc.'s most recent proxy was read; its disclosed peer group does not include Dycom Industries. Filing ↗
48Section 10a, Emcor Group, Inc. reciprocityDEF 14A0001140361-26-015809Emcor Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Dycom Industries. Filing ↗
49Section 10a, Granite Construction, Inc. reciprocityDEF 14A0000861459-26-000012Granite Construction, Inc. names Dycom Industries in its own disclosed peer group (read from its most recent proxy). Filing ↗
50Section 10a, KBR, Inc. reciprocityDEF 14A0001104659-26-036847KBR, Inc.'s most recent proxy was read; its disclosed peer group does not include Dycom Industries. Filing ↗
51Section 10a, MasTec, Inc. reciprocityDEF 14A0001140361-26-014022MasTec, Inc. names Dycom Industries in its own disclosed peer group (read from its most recent proxy). Filing ↗
52Section 10a, MYR Group, Inc. reciprocityDEF 14A0000700923-26-000017MYR Group, Inc. names Dycom Industries in its own disclosed peer group (read from its most recent proxy). Filing ↗
53Section 10a, NOV, Inc. reciprocityDEF 14A0001193125-26-148884NOV, Inc.'s most recent proxy was read; its disclosed peer group does not include Dycom Industries. Filing ↗
54Section 10a, Sterling Infrastructure, Inc. reciprocityDEF 14A0000874238-26-000042Sterling Infrastructure, Inc. names Dycom Industries in its own disclosed peer group (read from its most recent proxy). Filing ↗
55Section 10a, Tutor Perini Corporation reciprocityDEF 14A0000077543-26-000088Tutor Perini Corporation names Dycom Industries in its own disclosed peer group (read from its most recent proxy). Filing ↗
56Section 10a, Valmont Industries, Inc. reciprocityDEF 14A0001104659-26-026141Valmont Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include Dycom Industries. Filing ↗