Form 4: Petco CFO Brian LaRose Reports Stock Transaction
SEC Form 4 Filing
Petco's CFO, Brian LaRose, reports the withholding of restricted stock units to cover tax liabilities and discloses holdings of Class A common stock and RSUs.
Summary
- Brian LaRose, CFO of Petco Health & Wellness Company, Inc., reported a transaction involving Class A Common Stock on March 20, 2024.
- The transaction involved the withholding of 2,425 restricted stock units (RSUs) to satisfy tax liabilities at a price of $1.93.
- Following the transaction, LaRose directly owns 234,294 shares of Class A Common Stock and indirectly owns 3,000 shares through a spouse.
- LaRose also holds 158,500 outstanding RSUs granted under the company's 2021 Equity Incentive Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies. It provides transparency into the financial interests of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| September 20, 2021 | Date the RSUs were granted to the Reporting Person pursuant to the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan. |
| March 20, 2024 | Date of the reported transaction involving the withholding of RSUs for tax liabilities and a portion of the RSUs vested. |
| March 22, 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.