Chewy accounting chief sells 17,283 shares at $21
The Chief Accounting Officer's sale was reported under a Rule 10b5-1 plan; associated award notes describe vesting tied to continued employment.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Chewy, Inc.'s Chief Accounting Officer, William G. Billings, sold 17,283 shares of Class A common stock at $21.0000 per share on October 15, 2026, under a Rule 10b5-1 trading plan. The related award disclosures describe RSU and PRSU vesting schedules, several of which are conditioned on continued employment through the applicable vesting date.
Insider Trade Summary 10b5-1
Net Seller: 17,283 shares
Net Sell
6 txns
Insider
Billings William G.
Role
Chief Accounting Officer
Sold
17,283 shs ($363K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 17,283 | $21.00 | $363K |
| holding | Class A Common Stock F1 | -- | -- | -- |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock F3 | -- | -- | -- |
| holding | Class A Common Stock F4 | -- | -- | -- |
| holding | Class A Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 142,457 shares (Direct)
Footnotes (5)
- F1. Represents restricted stock units ("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.
- F2. 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 8, 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.
- F3. 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. 100% will vest on August 1, 2027, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date.
- F4. 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. 12.5% will vest on November 1, 2026, and each three-month anniversary thereafter, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date.
- F5. 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. 10% will vest on December 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.
Key Figures
Shares sold: 17,283 shares
Sale price: $21.0000 per share
RSU vesting schedule: 25% on March 1, 2027; 6.25% on each three-month anniversary thereafter
+4 more
7 metrics
Shares sold
17,283 shares
Class A common stock; October 15, 2026
Sale price
$21.0000 per share
October 15, 2026
RSU vesting schedule
25% on March 1, 2027; 6.25% on each three-month anniversary thereafter
RSUs granted April 8, 2026; subject to continued employment through the applicable vesting date
RSU vesting
100% on August 1, 2027
RSUs granted September 20, 2024; subject to continued employment through the vesting date
RSU vesting schedule
12.5% on November 1, 2026, and each three-month anniversary thereafter
RSUs granted September 20, 2024; subject to continued employment through the applicable vesting date
RSU vesting schedule
10% on December 1, 2026, and each three-month anniversary thereafter
RSUs granted April 8, 2025; subject to continued employment through the applicable vesting date
PRSU vesting date
March 1, 2028
2025 fiscal-year performance conditions were certified March 5, 2026; subject to continued employment through the vesting date
Key Terms
restricted stock units, performance-based restricted stock units, time-vesting conditions, performance conditions
4 terms
restricted stock units technical
"Represents restricted stock units ("RSUs") granted to the filing person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based restricted stock units technical
"Represents performance-based restricted stock units ("PRSUs") granted"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
time-vesting conditions technical
"The RSUs are subject to time-vesting conditions"
performance conditions technical
"satisfaction of certain performance conditions for the 2025 fiscal year"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What vesting terms are listed for William G. Billings's CHWY awards?
RSUs vest under four schedules: 25% on March 1, 2027, then 6.25% on each three-month anniversary; 100% on August 1, 2027; 12.5% beginning November 1, 2026; and 10% beginning December 1, 2026. The installment schedules continue on each three-month anniversary, subject to continued employment. PRSUs vest March 1, 2028, subject to continued employment, after the Compensation Committee certified the 2025 fiscal-year performance conditions on March 5, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
