Form 4: Petco Health & Wellness Company Officer Reports Stock Transaction
SEC Form 4 Filing
Giovanni Insana, Chief Legal Officer and Secretary of Petco Health & Wellness Company, reports the withholding of restricted stock units to cover tax liabilities.
Summary
- On July 19, 2024, Giovanni Insana, Chief Legal Officer and Secretary of Petco Health & Wellness Company, Inc., had 1,178 Class A Common Stock units withheld to cover tax liabilities.
- The withholding was related to restricted stock units (RSUs) granted on July 19, 2022, under the company's 2021 Equity Incentive Plan, with a portion vesting on July 19, 2024.
- Following the transaction, Insana beneficially owns 378,614 shares, including 351,312 outstanding RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction related to tax obligations. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a standard SEC Form 4 filing, which is common for corporate insiders reporting transactions in their company's stock. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| July 19, 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. |
| July 19, 2024 | Date of the transaction where restricted stock units were withheld to cover tax liabilities; also the date a portion of the RSUs vested. |
| July 23, 2024 | Date of the report filing. |
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