Form 4: Petco Executive John Zavada Reports Stock Transaction
SEC Form 4 Filing
John Zavada, Chief Administrative Officer of Petco Health & Wellness Company, Inc., reported the withholding of 11,487 Class A Common Stock shares to cover tax liabilities related to vested restricted stock units (RSUs).
Summary
- On July 19, 2024, John Zavada, Chief Administrative Officer of Petco Health & Wellness Company, Inc., had 11,487 shares of Class A Common Stock withheld to cover tax obligations.
- This transaction was related to restricted stock units (RSUs) that vested on the same date, which were initially granted on July 19, 2022, under the company's 2021 Equity Incentive Plan.
- Following the transaction, Zavada directly owns 606,312 shares, which includes 498,155 outstanding RSUs.
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 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 |
|---|---|
| 07/19/2022 | Date the Restricted Stock Units (RSUs) were granted to John Zavada under the 2021 Equity Incentive Plan. |
| 07/19/2024 | Date of the transaction where 11,487 shares of Class A Common Stock were withheld to cover tax liabilities related to vested RSUs; also the date a portion of the RSUs vested. |
| 07/23/2024 | Date the Form 4 was signed by Giovanni Insana, as Attorney-in-Fact. |
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