Form 4: Petco Executive MacDonald Reports Stock Transactions Following PSU Vesting
SEC Form 4 Filing
Chief Customer Officer Darren MacDonald reports acquisition and disposal of Petco Health & Wellness Company, Inc. stock related to performance stock units vesting.
Summary
- Darren MacDonald, Chief Customer Officer of Petco Health & Wellness Company, Inc., reported transactions involving Class A Common Stock on March 27, 2024.
- These transactions include the acquisition of 42,521 shares upon the vesting of performance stock units (PSUs) granted on October 18, 2022, under the company's 2021 Equity Incentive Plan.
- MacDonald also disposed of 16,733 shares to cover tax liabilities associated with the PSU vesting at a price of $1.88 per share.
- Following these transactions, MacDonald beneficially owns 697,322 shares of Class A Common Stock, which includes 343,479 outstanding restricted stock units (RSUs).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. 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 filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| October 18, 2022 | Date of grant for the performance stock units (PSUs) under the 2021 Equity Incentive Plan. |
| March 27, 2024 | Date of the reported transactions, including PSU vesting and tax withholding. |
| March 29, 2024 | Date of signature for the Form 4 filing. |
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