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 April 26, 2024, Justin Tichy, the Chief Operating Officer of Petco Health & Wellness Company, Inc., had 2,383 Class A Common Stock units withheld to cover tax obligations.
- These restricted stock units (RSUs) were initially granted on April 26, 2022, under the company's 2021 Equity Incentive Plan, with a portion vesting on April 26, 2024.
- Following this transaction, Tichy directly owns 909,855 shares, which includes 751,031 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 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.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of stock ownership related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/26/2022 | Date the restricted stock units (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 transaction where 2,383 Class A Common Stock units were withheld for tax liability and a portion of the RSUs vested. |
| 04/30/2024 | Date of the report filing. |
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