Chewy (NYSE: CHWY) GC Hu has 909 shares withheld for RSU tax
Rhea-AI Filing Summary
Chewy, Inc.’s General Counsel & Secretary, Da-Wai Hu, had 909 shares of Class A common stock withheld on 2026-07-31 at $22.82 per share to satisfy tax obligations from the net settlement of vested RSUs. The withholding is described as not a market transaction and is exempt from Section 16(b) under Rule 16b-3(e). Footnotes also describe multiple RSU and PRSU awards with time- and performance-based vesting schedules extending through 2028, contingent on continued employment.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 909 shares
Net Sell
7 txns
Insider
Hu Da-Wai
Role
General Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 909 | $22.82 | $21K |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock F3 | -- | -- | -- |
| holding | Class A Common Stock F4 | -- | -- | -- |
| holding | Class A Common Stock F5 | -- | -- | -- |
| holding | Class A Common Stock F6 | -- | -- | -- |
| holding | Class A Common Stock F7 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 219,913 shares (Direct)
Footnotes (7)
- F1. Represents shares of Class A common stock of Chewy, Inc. that were withheld to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units ("RSUs") and does not represent a market transaction. This transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16b-3(e) promulgated thereunder.
- F2. Represents RSUs granted to the filing person on April 8, 2026. Each RSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The RSUs are subject to time-vesting conditions. 25% of these RSUs will vest on March 1, 2027, and 6.25% will vest on each three-month anniversary thereafter, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date.
- F3. Represents performance-based restricted stock units ("PRSUs") granted to the filing person. Each PRSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The PRSUs were initially granted on April 1, 2025 and the amount of PRSUs eligible for vesting was subject to certification of the satisfaction of certain performance conditions for the 2025 fiscal year by the Compensation Committee of the Board of Directors. On March 5, 2026, the Compensation Committee of the Board of Directors certified the achievement of the performance conditions for the PRSUs, which vest on March 1, 2028, subject to the filing person's continued employment with Chewy, Inc. through the vesting date.
- F4. Represents RSUs granted to the filing person on April 1, 2024. Each RSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. 16.67% of these RSUs will vest on November 1, 2026, and on each three-month anniversary thereafter, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date.
- F5. Represents PRSUs granted to the filing person. Each PRSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The PRSUs were initially granted on April 1, 2024 and the amount of PRSUs eligible for vesting was subject to certification of the satisfaction of certain performance conditions for the 2024 fiscal year by the Compensation Committee of the Board of Directors. On March 26, 2025, the Compensation Committee of the Board of Directors certified the achievement of the performance conditions for the PRSUs, which vest on February 1, 2027, subject to the filing person's continued employment with Chewy, Inc. through the vesting date.
- F6. Represents RSUs granted to the filing person on April 1, 2025. Each RSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The RSUs are subject to time-vesting conditions. 9.09% of these RSUs will vest on September 1, 2026, and on each three-month anniversary thereafter, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date.
- F7. Represents RSUs granted to the filing person on April 1, 2024. Each RSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The RSUs are subject to time-vesting conditions. 100% of these RSUs will vest on December 1, 2026, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date.
Key Figures
Shares withheld for taxes: 909 shares
Reference share price: $22.8200 per share
Initial vesting tranche: 25% of RSUs
+4 more
7 metrics
Shares withheld for taxes
909 shares
Class A common stock withheld on 2026-07-31 for RSU tax obligations
Reference share price
$22.8200 per share
Value used for the 909-share tax-withholding transaction on 2026-07-31
Initial vesting tranche
25% of RSUs
From 2026-04-08 RSU grant, vesting on March 1, 2027, subject to continued employment
Subsequent RSU vesting rate
6.25% of RSUs
From 2026-04-08 RSU grant, vesting each three-month anniversary after March 1, 2027
RSU quarterly vesting rate
16.67% of RSUs
From 2024-04-01 RSU grant, vesting from November 1, 2026, and each three-month anniversary
Another RSU vesting rate
9.09% of RSUs
From 2025-04-01 RSU grant, vesting from September 1, 2026, and each three-month anniversary
Single-tranche RSU vesting
100% of RSUs
From 2024-04-01 RSU grant vesting entirely on December 1, 2026
Key Terms
restricted stock units ("RSUs"), performance-based restricted stock units ("PRSUs"), net settlement, Section 16(b), +2 more
6 terms
restricted stock units ("RSUs") financial
"Represents RSUs granted to the filing person on April 8, 2026."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
performance-based restricted stock units ("PRSUs") financial
"Represents performance-based restricted stock units ("PRSUs") granted to the filing person."
net settlement financial
"in connection with the net settlement of vested restricted stock units ("RSUs")"
Section 16(b) regulatory
"This transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-3(e) regulatory
"pursuant to Rule 16b-3(e) promulgated thereunder."
time-vesting conditions financial
"The RSUs are subject to time-vesting conditions."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Chewy (CHWY) report for Da-Wai Hu?
Chewy reported that 909 shares of Class A common stock were withheld for Da-Wai Hu’s tax obligations. The shares covered taxes from the net settlement of vested RSUs and are expressly described as not a market transaction under Section 16 rules.
Is the Chewy (CHWY) insider transaction treated as a market sale under Section 16(b)?
No. The footnote explains the withholding does not represent a market transaction and is exempt from Section 16(b). The exemption is cited under Rule 16b-3(e), which covers certain issuer-related transactions such as tax withholding on equity awards.
What equity awards for Da-Wai Hu does Chewy (CHWY) describe in this filing?
The filing outlines multiple RSU and PRSU grants made in 2024, 2025, and 2026. These awards have time-based and performance-based vesting, with vest dates including November 1, 2026, February 1, 2027, March 1, 2027, and March 1, 2028, subject to continued employment.
Did Chewy (CHWY) indicate that Da-Wai Hu’s transaction used a Rule 10b5-1 trading plan?
No. The Rule 10b5-1 checkbox in the Form 4 is not marked as true. The company does not state that this tax-withholding transaction was executed under a pre-arranged Rule 10b5-1 trading plan, instead presenting it as a standard RSU net-settlement tax event.