Form 4: Petco Executive John Zavada Reports Stock Transaction
SEC Form 4 Filing
Chief Administrative Officer John Zavada reports disposition of shares to cover tax obligations related to vested restricted stock units.
Summary
- On April 26, 2024, John Zavada, Chief Administrative Officer of Petco Health & Wellness Company, Inc., reported a transaction involving Class A Common Stock.
- The transaction involved the disposition of 1,986 shares to satisfy tax liabilities related to vested restricted stock units (RSUs).
- The shares were withheld at a price of $1.51 per share.
- Following the transaction, Zavada beneficially owns 625,877 shares, including 536,759 outstanding RSUs granted under the company's 2021 Equity Incentive Plan.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and tax obligations, and does not indicate a significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding the company's stock.
Key Dates
| Date | Description |
|---|---|
| 04/26/2022 | Date RSUs were granted to the Reporting Person pursuant to the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan. |
| 04/26/2024 | Date of the reported transaction and vesting of a portion of the RSUs. |
| 04/30/2024 | Date of signature for the Form 4 filing. |
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