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 April 26, 2024, Brian LaRose, the Chief Financial Officer of Petco Health & Wellness Company, Inc., had 1,678 Class A Common Stock units withheld to cover his tax liability.
- This transaction occurred at a price of $1.51 per share.
- Following the transaction, LaRose directly owns 732,711 shares of Class A Common Stock, which includes 631,283 outstanding Restricted Stock Units (RSUs).
- He also indirectly owns 3,000 shares through his spouse.
- The RSUs were granted on April 26, 2022, under the company's 2021 Equity Incentive Plan, with a portion vesting on April 26, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 04/26/2022 | Date the Restricted Stock Units (RSUs) were granted to Brian LaRose under the 2021 Equity Incentive Plan. |
| 04/26/2024 | Date of the transaction where 1,678 Class A Common Stock units were withheld to cover tax liability; also the date a portion of the RSUs vested. |
| 04/30/2024 | Date of signature for the Form 4 filing. |
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