Form 4: Rajendra M. Mohan Reports Stock Transaction at Petco Health & Wellness
SEC Form 4 Filing
Rajendra M. Mohan, Interim CEO of Petco Health & Wellness, reports the withholding of restricted stock units to cover tax liabilities.
Summary
- Rajendra M. Mohan, Interim CEO of Petco Health & Wellness Company, Inc., filed a Form 4 on May 15, 2024, reporting a transaction involving Class A Common Stock.
- On May 13, 2024, 48,026 restricted stock units (RSUs) were withheld to satisfy the reporting person's tax liability at a price of $1.66.
- Following the transaction, Mohan beneficially owns 1,216,161 shares of Class A Common Stock, including 1,072,024 outstanding RSUs granted under the 2021 Equity Incentive Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of RSUs for tax purposes, not a direct sale on the open market.
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 |
| 05/13/2024 | Date of the reported transaction where 48,026 RSUs were withheld for tax liability. |
| 05/13/2024 | A portion of the RSUs vested. |
| 05/15/2024 | Date of Form 4 filing. |
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