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 July 19, 2024, Brian LaRose, the Chief Financial Officer of Petco Health & Wellness Company, Inc., had 1,011 Class A Common Stock units withheld to satisfy tax liabilities.
- The withholding occurred at a price of $3.65 per share.
- Following the transaction, LaRose directly owns 721,951 shares of Class A Common Stock, which includes 601,128 outstanding Restricted Stock Units (RSUs).
- LaRose also indirectly owns 3,000 shares of Class A Common Stock through his spouse.
- The RSUs were granted on July 19, 2022, under the company's 2021 Equity Incentive Plan, with a portion vesting on July 19, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Key Dates
| Date | Description |
|---|---|
| July 19, 2022 | Date the Restricted Stock Units (RSUs) were granted to Brian LaRose under the 2021 Equity Incentive Plan. |
| July 19, 2024 | Date of the reported transaction where 1,011 Class A Common Stock units were withheld to cover tax liabilities; also the date a portion of the RSUs vested. |
| July 23, 2024 | Date the Form 4 was signed by Giovanni Insana, as Attorney-in-Fact. |
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