Form 4: Petco Health & Wellness Company COO Justin Tichy Reports Stock Transaction
SEC Form 4 Filing
Chief Operating Officer of Petco Health & Wellness, Justin Tichy, reports the withholding of restricted stock units to cover tax liabilities.
Summary
- On June 5, 2024, Justin Tichy, the Chief Operating Officer of Petco Health & Wellness Company, Inc., had 6,924 Class A Common Stock units withheld to cover tax liabilities.
- These restricted stock units (RSUs) were granted on December 5, 2022, under the company's 2021 Equity Incentive Plan and vested on June 5, 2024.
- Following the transaction, Tichy beneficially owns 902,931 shares, including 737,369 outstanding RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine stock transaction related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| December 5, 2022 | Date the restricted stock units (RSUs) were granted to the Reporting Person under the 2021 Equity Incentive Plan. |
| June 5, 2024 | Date of the transaction where 6,924 Class A Common Stock units were withheld for tax liabilities and a portion of the RSUs vested. |
| June 7, 2024 | Date of the signature on the Form 4 filing. |
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