Form 4: Petco Health & Wellness Company COO Justin Tichy Reports Stock Transaction
SEC Form 4 Filing
Chief Operating Officer Justin Tichy of Petco Health & Wellness Company, Inc. reports the withholding of restricted stock units to cover tax liabilities.
Summary
- On April 10, 2024, Justin Tichy, the Chief Operating Officer of Petco Health & Wellness Company, Inc., had 19,257 Class A Common Stock units withheld to cover tax liabilities.
- This transaction occurred because a portion of restricted stock units (RSUs) granted on April 10, 2023, vested on April 10, 2024.
- Following the transaction, Tichy directly owns 412,238 shares of Class A Common Stock, which includes 255,732 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, with no inherent positive or negative implications for the company's overall outlook.
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 minimal direct impact on stakeholders, as it is a standard procedure for covering tax liabilities related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| April 10, 2023 | Date the Reporting Person was granted Restricted Stock Units (RSUs) pursuant to the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan. |
| April 10, 2024 | Date of the transaction where 19,257 Class A Common Stock units were withheld for tax liability and a portion of the RSUs vested. |
| April 12, 2024 | Date of signature for the Form 4 filing. |
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