Form 4: Petco Health & Wellness Company Officer Reports Tax Liability Stock Withholding
SEC Form 4 Filing
Amy College, Chief Merchandising and Supply Chain Officer at Petco Health & Wellness Company, reports the withholding of restricted stock units to cover tax liabilities.
Summary
- Amy College, an officer at Petco Health & Wellness Company, filed a Form 4 detailing changes in beneficial ownership.
- On April 26, 2024, 1,986 Class A Common Stock units were disposed of to cover tax liabilities related to vested restricted stock units (RSUs).
- The price per share for the transaction was $1.51.
- Following the transaction, College beneficially owns 734,471 shares, including 670,668 outstanding RSUs granted under the company's 2021 Equity Incentive Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine stock transaction for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 04/26/2022 | Date the 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 1,986 Class A Common Stock units were disposed of to cover tax liabilities related to vested restricted stock units (RSUs). |
| 04/30/2024 | Date of signature for the Form 4 filing. |
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