Chewy (CHWY) CAO reports 2,546-share tax withholding and RSU vesting terms
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chewy, Inc. Chief Accounting Officer William G. Billings reported an automatic share disposition tied to equity compensation. On the transaction date, 2,546 shares of Class A common stock were withheld at $26.97 per share to cover tax obligations from vested RSUs, which was not a market sale. After this, he directly held 36,338 shares. Footnotes also describe multiple RSU grants with time-based vesting schedules extending into 2027, contingent on continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Billings William G.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 2,546 | $26.97 | $69K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 36,338 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 September 20, 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. 58.5% will vest on August 1, 2026, and 41.5% will vest on August 1, 2027, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date. Represents RSUs granted to the filing person on September 20, 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. 10% will vest on May 1, 2026, and 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 8, 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% will vest on June 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.
FAQ
What insider transaction did Chewy (CHWY) report for William G. Billings?
Chewy reported that Chief Accounting Officer William G. Billings had 2,546 Class A shares withheld to satisfy tax obligations on vested RSUs. This was a tax-withholding disposition, not an open-market trade, and is treated as exempt under Section 16(b) Rule 16b-3(e).
What RSU awards for Chewy (CHWY) are disclosed for William G. Billings?
The filing discloses RSUs granted on September 20, 2024 and April 8, 2025, each RSU representing one Chewy Class A share. These awards are subject to time-based vesting conditions and require continued employment through specified future vesting dates to fully settle in shares.
What is the vesting schedule for the September 20, 2024 Chewy (CHWY) RSU grant?
For the September 20, 2024 RSUs, 58.5% will vest on August 1, 2026 and 41.5% on August 1, 2027. A separate September 20, 2024 RSU grant vests 10% on May 1, 2026 and on each three-month anniversary thereafter, subject to continued employment.
How do the April 8, 2025 Chewy (CHWY) RSUs vest for William G. Billings?
The April 8, 2025 RSUs vest in equal installments, with 8.33% vesting on June 1, 2026 and 8.33% on each three-month anniversary thereafter. Each vested RSU converts into one share of Chewy Class A common stock, conditioned on continued employment through each vesting date.
What is William G. Billings’ role at Chewy (CHWY) in this Form 4?
William G. Billings is identified as an officer of Chewy, serving as Chief Accounting Officer. The Form 4 reflects his direct ownership in Chewy Class A common stock and details share withholding and RSU vesting terms tied to his compensation and continued employment.