Form 4: Petco Health & Wellness Company Officer Reports Tax Liability Stock Withholding
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 October 10, 2024, Giovanni Insana, Chief Legal Officer and Secretary of Petco Health & Wellness Company, Inc., had 1,682 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 October 10, 2024.
- Following the transaction, Insana beneficially owns 376,348 shares, including 346,406 outstanding RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation. It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| April 10, 2023 | Date the restricted stock units (RSUs) were granted to the Reporting Person. |
| October 10, 2024 | Date of the transaction (stock withholding) and vesting of a portion of the RSUs. |
| October 11, 2024 | Date of signature for the Form 4 filing. |
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