Form 4: Petco Executive John Zavada Reports Stock Transaction
SEC Form 4 Filing
John Zavada, Chief Administrative Officer of Petco Health & Wellness Company, Inc., reports the withholding of restricted stock units to cover tax liabilities.
Summary
- On October 28, 2024, John Zavada, Chief Administrative Officer of Petco Health & Wellness Company, Inc., had 1,986 Class A Common Stock units withheld to cover tax liabilities.
- The withholding occurred at a price of $4.46 per share.
- Following the transaction, Zavada beneficially owns 596,711 shares, including 479,213 outstanding Restricted Stock Units (RSUs).
- These RSUs were granted on April 26, 2022, under the company's 2021 Equity Incentive Plan, with a portion vesting on October 28, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| April 26, 2022 | Date RSUs were granted to the Reporting Person pursuant to the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan |
| October 28, 2024 | Date of the reported transaction where shares were withheld for tax liability and a portion of RSUs vested. |
| October 30, 2024 | Date of signature for the Form 4 filing. |
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