WOOF.NASDAQPetco Health & Wellness Company, INC

Form 4: Petco CFO Brian LaRose Reports Stock Transactions

Sentiment:

SEC Filing

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Petco's Chief Financial Officer, Brian LaRose, reported the withholding of restricted stock units for tax liabilities and discloses holdings of Class A Common Stock and RSUs.

Summary

  • Brian LaRose, CFO of Petco Health & Wellness Company, Inc., filed a Form 4 detailing changes in beneficial ownership.
  • On October 28, 2024, 1,678 Class A Common Stock units were withheld to cover tax liabilities related to vested restricted stock units (RSUs) at a price of $4.46.
  • These RSUs were initially granted on April 26, 2022, under the company's 2021 Equity Incentive Plan.
  • Following the transaction, LaRose directly owns 714,262 shares of Class A Common Stock and indirectly owns 3,000 shares through a spouse.
  • The reported holdings include 579,583 outstanding RSUs, each representing the right to receive one share of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.

Stakeholder Impact

  • The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of executive compensation.

Key Dates

DateDescription
April 26, 2022Date the Restricted Stock Units (RSUs) were granted to Brian LaRose under the 2021 Equity Incentive Plan.
October 28, 2024Date of the transaction where 1,678 Class A Common Stock units were withheld for tax liabilities related to vested RSUs.
October 30, 2024Date of signature for the Form 4 filing.

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