PetMed Express (PETS) awards 55,555-share restricted stock grant to director Mennen
Rhea-AI Filing Summary
Mennen Justin L. reported acquisition or exercise transactions in this Form 4 filing.
PetMed Express Inc. director Justin L. Mennen received a grant of 55,555 shares of Common Stock as a restricted stock award under the PetMed Express, Inc. 2024 Omnibus Incentive Plan. These shares vest in full on August 11, 2027, subject to his continued service on the Board of Directors.
After this award, Mennen directly holds 98,274 shares of PetMed Express common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 55,555 shares
Net Buy
1 txn
Insider
Mennen Justin L.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 55,555 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 98,274 shares (Direct)
Footnotes (1)
- F1. Consists of a restricted stock award made pursuant to the PetMed Express, Inc. 2024 Omnibus Incentive Plan that vests as to all granted shares on August 11, 2027, subject to continued service on the Board of Directors.
Key Figures
Restricted stock award: 55,555 shares
Post-transaction holdings: 98,274 shares
Vesting date: August 11, 2027
+1 more
4 metrics
Restricted stock award
55,555 shares
Restricted stock granted to Justin L. Mennen on 2026-08-11
Post-transaction holdings
98,274 shares
Total Common Stock directly held by Justin L. Mennen after award
Vesting date
August 11, 2027
All 55,555 restricted shares vest on this date, subject to continued service
Grant price per share
$0.0000
Stated transaction price per share for the restricted stock award
Key Terms
restricted stock award, 2024 Omnibus Incentive Plan, continued service
3 terms
restricted stock award financial
"Consists of a restricted stock award made pursuant to the PetMed Express, Inc. 2024 Omnibus Incentive Plan"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
2024 Omnibus Incentive Plan financial
"award made pursuant to the PetMed Express, Inc. 2024 Omnibus Incentive Plan that vests"
continued service financial
"vests as to all granted shares on August 11, 2027, subject to continued service on the Board"
FAQ
What equity award did PetMed Express (PETS) grant to director Justin L. Mennen?
PetMed Express granted Justin L. Mennen a restricted stock award of 55,555 shares of Common Stock. The award was made under the 2024 Omnibus Incentive Plan at a stated price of $0.0000 per share.
Was Justin L. Mennen’s PETS stock grant a market purchase or a compensation award?
The transaction was reported with code A, indicating a grant, award, or other acquisition of shares. Footnote disclosure confirms it is a restricted stock award under the 2024 Omnibus Incentive Plan, not a market purchase.
Is Justin L. Mennen’s PETS stock award tied to any performance or only service conditions?
The disclosure states the 55,555 restricted shares vest on August 11, 2027, subject to continued service on the Board of Directors. It does not describe additional performance conditions beyond continued Board service.
AI-generated analysis. How Rhea-AI works. Not financial advice.