Chewy (CHWY) CTO files insider trades and outlines RSU, PRSU vesting
Rhea-AI Filing Summary
Chewy, Inc.’s Chief Technology Officer reported recent stock transactions and updated equity awards. On 12/02/2025, the CTO sold 6,056 shares of Class A common stock at $33.7344 per share in a “sell to cover” trade under a Rule 10b5-1 plan to satisfy tax withholding from restricted stock unit vesting. On 12/03/2025, the CTO sold an additional 8,872 shares at $33.53 per share under a separate Rule 10b5-1 trading plan, and directly held 229,702 shares afterward.
The filing also notes multiple outstanding performance-based and time-based restricted stock unit grants, originally awarded in 2023, 2024, and 2025. Certain performance-based awards tied to the 2023 and 2024 fiscal years had their performance conditions certified in March 2024 and March 2025, respectively, and are scheduled to vest between February 1, 2026 and February 1, 2027, while other time-based RSUs vest in installments through 2027, all subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 8,872 | $33.53 | $297K |
| Sale | Class A Common Stock | 6,056 | $33.7344 | $204K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Represents "sell to cover" sales effected pursuant to a Rule 10b5-1 trading plan adopted by the filing person on April 15, 2022 to cover tax withholding obligations in connection with the vesting of restricted stock units ("RSUs"). Represents sales effected pursuant to a Rule 10b5-1 trading plan adopted by the filing person on April 9, 2025. 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 6, 2023 and the amount of PRSUs eligible for vesting was subject to certification of the satisfaction of certain performance conditions for the 2023 fiscal year by the Compensation Committee of the Board of Directors. On March 22, 2024, the Compensation Committee of the Board of Directors certified the achievement of the performance conditions for the PRSUs, which vest on February 1, 2026, subject to the filing person's continued employment with Chewy, Inc. through the vesting date. Represents RSUs granted to the filing person on April 6, 2023. 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. With respect to 20,292 of the RSUs, 33.33% will vest on February 1, 2026 and 33.33% will vest on each six-month anniversary thereafter, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date. With respect to 6,764 of the RSUs, 100% will vest on February 1, 2026, subject to the filing person's continued employment with Chewy, Inc. through the vesting date. 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 4, 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 4, 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. 11.11% will vest on February 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 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. 25% of these RSUs will vest on March 1, 2026, 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.
FAQ
What insider transaction did Chewy (CHWY) disclose for its CTO?
The CTO of Chewy, Inc. reported selling 6,056 shares of Class A common stock on 12/02/2025 at $33.7344 per share and 8,872 shares on 12/03/2025 at $33.53 per share.
What trading plans governed the Chewy (CHWY) CTO’s stock sales?
The 12/02/2025 sale was under a Rule 10b5-1 plan adopted on April 15, 2022, and the 12/03/2025 sale of 8,872 shares was under a separate Rule 10b5-1 plan adopted on April 9, 2025.
What performance-based RSUs does the Chewy (CHWY) CTO hold and when do they vest?
The CTO holds performance-based RSUs initially granted on April 6, 2023 and April 4, 2024. Performance for the 2023 and 2024 fiscal years was certified on March 22, 2024 and March 26, 2025, respectively, and these PRSUs are scheduled to vest on February 1, 2026 and February 1, 2027, subject to continued employment.
What time-based RSUs were granted to the Chewy (CHWY) CTO and what are the vesting schedules?
The CTO received time-based RSUs granted on April 6, 2023, April 4, 2024, and April 8, 2025. Portions vest on February 1, 2026 and then on six-month or three-month anniversaries, and for the 2025 grant, 25% vests on March 1, 2026 with 6.25% vesting on each three-month anniversary thereafter, all contingent on continued employment.