Form 4: Rajendra M. Mohan, Petco Director and Interim CEO, Reports Stock Transaction
SEC Form 4 Filing
Rajendra M. Mohan, a director and Interim CEO of Petco Health & Wellness Company, Inc., reported the withholding of 35,555 Class A Common Stock shares to cover tax liabilities related to vested restricted stock units (RSUs).
Summary
- On April 15, 2024, Rajendra M. Mohan, a director and Interim CEO of Petco Health & Wellness Company, Inc., reported a transaction involving Class A Common Stock.
- The transaction involved the withholding of 35,555 shares to satisfy tax liabilities related to vested restricted stock units (RSUs).
- The price per share for the transaction was $1.72.
- Following the transaction, Mohan directly owns 1,264,187 shares of Class A Common Stock, which includes 1,177,342 outstanding RSUs granted under the company's 2021 Equity Incentive Plan.
- Each RSU represents the right to receive one share of Class A common stock of the Issuer.
- The RSUs were granted on March 15, 2024, and a portion vested on April 13, 2024.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It doesn't necessarily reflect a strategic shift or significant event for Petco within the broader pet industry.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | RSUs were granted to the Reporting Person pursuant to the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan. |
| 04/13/2024 | A portion of the RSUs vested. |
| 04/15/2024 | Date of the stock transaction (withholding of shares for tax liability). |
| 04/17/2024 | Date of signature for the Form 4 filing. |
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