Form 4: Petco Health & Wellness Company Officer Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Giovanni Insana, Chief Legal Officer and Secretary of Petco Health & Wellness Company, disposed of shares to cover tax liabilities related to vested restricted stock units.
Summary
- On September 18, 2024, Giovanni Insana, Chief Legal Officer and Secretary of Petco Health & Wellness Company, disposed of 584 shares of Class A Common Stock at a price of $4.92.
- This transaction was due to the withholding of restricted stock units (RSUs) to cover the reporting person's tax liability.
- These RSUs were granted on March 18, 2022, under the company's 2021 Equity Incentive Plan, with a portion vesting on September 18, 2024.
- Following the transaction, Insana beneficially owns 378,030 shares, including 350,048 outstanding RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company officer, and does not contain information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are standard practice for company insiders reporting transactions in their company's stock, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| March 18, 2022 | Date RSUs were granted to the Reporting Person under the 2021 Equity Incentive Plan. |
| September 18, 2024 | Date of the transaction and vesting date of a portion of the RSUs. |
| September 20, 2024 | Date of signature on the Form 4 filing. |
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