Form 4: Petco CFO Brian LaRose Reports Stock Transaction
SEC Form 4 Filing
Brian LaRose, CFO of Petco Health & Wellness Company, Inc., reports the withholding of restricted stock units to cover tax liabilities.
Summary
- On October 10, 2024, Brian LaRose, the Chief Financial Officer of Petco Health & Wellness Company, Inc., had 3,899 Class A Common Stock units withheld to cover his tax liability.
- This transaction occurred because a portion of his restricted stock units (RSUs), granted on April 10, 2023, vested on October 10, 2024.
- Following the transaction, LaRose directly owns 715,940 shares of Class A Common Stock, which includes 584,284 outstanding RSUs.
- He also indirectly owns 3,000 shares of Class A Common Stock through his spouse.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction related to tax obligations. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of stock ownership related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| April 10, 2023 | Date the restricted stock units (RSUs) were granted to Brian LaRose under the 2021 Equity Incentive Plan. |
| October 10, 2024 | Date of the stock transaction where 3,899 RSUs were withheld for tax liability and a portion of the RSUs vested. |
| October 11, 2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.