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 April 10, 2024, John Zavada, Chief Administrative Officer of Petco Health & Wellness Company, Inc., had 15,691 Class A Common Stock units withheld to cover tax liabilities.
- The withholding occurred at a price of $1.89 per share.
- Following the transaction, Zavada directly owns 264,226 shares of Class A Common Stock, which includes 177,039 outstanding Restricted Stock Units (RSUs).
- The RSUs were granted on April 10, 2023, under the company's 2021 Equity Incentive Plan, with a portion vesting on April 10, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
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
| Date | Description |
|---|---|
| 04/10/2023 | Date RSUs were granted to the Reporting Person pursuant to the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan. |
| 04/10/2024 | Date of the reported transaction where 15,691 shares were withheld for tax liabilities and a portion of the RSUs vested. |
| 04/12/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.