Chewy (CHWY) General Counsel reports RSU tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chewy, Inc.’s General Counsel & Secretary, Da-Wai Hu, reported a tax-related share disposition. On February 27, 2026, 1,777 shares of Chewy Class A common stock were withheld at a price of $26.97 per share to cover tax obligations arising from vested restricted stock units.
This transaction, coded "F," was not an open-market sale and was effected through share withholding in connection with equity compensation. After this withholding event, Hu continued to hold directly reported positions in Chewy Class A common stock as reflected in the updated ownership balances.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Hu Da-Wai
Role
General Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 1,777 | $26.97 | $48K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 8,149 shares (Direct)
Footnotes (1)
- 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. 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. 12.5% of these RSUs will vest on May 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. 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, 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. 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. 8.33% of these RSUs will vest on June 1, 2026, and 8.33% will vest on each three-month anniversary thereafter, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date. 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.
FAQ
What insider transaction did Chewy (CHWY) report for Da-Wai Hu?
Chewy reported that General Counsel Da-Wai Hu had 1,777 Class A shares withheld to cover tax obligations from vested RSUs. This tax-withholding disposition was coded “F” and was not an open-market sale, reflecting administration of equity compensation.
Was the Da-Wai Hu Form 4 transaction in Chewy (CHWY) an open-market sale?
No, the Form 4 shows shares withheld to satisfy tax withholding for vested RSUs, not an open-market sale. The code “F” and the footnote specify it was a tax-withholding disposition related to equity compensation, exempt under Rule 16b-3(e).
What equity awards are disclosed for Da-Wai Hu in the Chewy (CHWY) Form 4 footnotes?
The footnotes describe multiple RSU and PRSU grants made in 2024 and 2025, each representing rights to receive one Class A share per unit. These awards vest over time or upon certified performance achievement, contingent on Hu’s continued employment through stated vesting dates.
When will Da-Wai Hu’s Chewy (CHWY) RSUs and PRSUs vest according to the Form 4?
The filing notes several schedules, including RSUs vesting in 12.5% quarterly tranches from May 1, 2026, PRSUs vesting on February 1, 2027 after performance certification, and additional RSUs vesting 8.33% quarterly from June 1, 2026 or fully on December 1, 2026, subject to continued employment.