Form 4: Petco CHRO Holly May's RSU Tax Withholding
Insider Transaction Report
Petco Health & Wellness Company's Chief Human Resources Officer, Holly May, reported the withholding of 41,811 Class A Common Stock shares to cover tax liabilities from vested restricted stock units.
Summary
- Holly May, Chief Human Resources Officer of Petco Health & Wellness Company, Inc. (WOOF), reported a transaction on October 15, 2025.
- The transaction involved the disposition of 41,811 shares of Class A Common Stock at a deemed price of $3.55 per share.
- This disposition was a withholding of restricted stock units (RSUs) to satisfy the reporting person's tax liability.
- The RSUs were granted on April 15, 2024, under the 2021 Equity Incentive Plan, and a portion vested on October 15, 2025.
- Following this transaction, Holly May beneficially owns 1,979,577 shares, which includes 1,763,577 outstanding RSUs.
- A previous Form 4 filed on April 17, 2025, contained an inadvertent misstatement regarding the number of outstanding RSUs, which has been corrected in this filing.
- A Power of Attorney, dated August 12, 2025, authorizes Sabrina Simmons, Giovanni Insana, Kristen Arn-O'Rourke, and Lauren Stigall to execute and file SEC forms on behalf of Holly May.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction related to tax withholding on vested restricted stock units, which is a neutral event for the company's stock performance. The correction of a previous misstatement is a positive for data accuracy but does not impact sentiment.
Positives
- The vesting of restricted stock units (RSUs) indicates the fulfillment of executive compensation incentives, aligning management interests with shareholder value over time.
Negatives
- No direct negative implications for the company's stock performance from this routine tax withholding transaction.
Future Outlook
This filing is a routine report of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This is a standard insider transaction filing (Form 4) reporting executive compensation-related activity. It does not provide information relevant to broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction related to executive compensation. The correction of a previous filing improves data accuracy for investors.
- Employees: No direct impact beyond the reporting person.
Key Dates
| Date | Description |
|---|---|
| 04/15/2024 | Date when Restricted Stock Units (RSUs) were granted to Holly May. |
| 04/17/2025 | Date of previous Form 4 filing where outstanding RSUs were inadvertently misstated. |
| 08/12/2025 | Date of the Power of Attorney authorizing individuals to file SEC forms on behalf of Holly May. |
| 10/15/2025 | Date of the reported transaction and partial vesting of RSUs. |
| 10/17/2025 | Date this Form 4 was signed and filed. |
Keywords
Petco, WOOF, Form 4, Insider Transaction, RSU, Stock Withholding, Executive Compensation, Beneficial Ownership
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