PetMed Express (PETS) grants 60,000 restricted shares to interim CEO Campbell
Rhea-AI Filing Summary
Campbell Leslie C.G. reported acquisition or exercise transactions in this Form 4 filing.
PETMED EXPRESS INC reported that Interim CEO and President Leslie C.G. Campbell received a grant of 60,000 shares of Common Stock as a restricted stock award under the PetMed Express, Inc. 2024 Omnibus Incentive Plan on 2026-08-11. The award vests in full on the first anniversary of the grant date, subject to continued employment and possible accelerated vesting upon death, disability, a change of control, or certain terminations of employment. Following this grant, Campbell directly holds 145,000 shares of Common Stock. An additional 30,000 shares are held in the Leslie C.G. Campbell 2020 Irrevocable Trust for family members; Campbell is not a beneficiary and disclaims beneficial ownership of those trust shares.
Positive
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Insider Trade Summary
Net Buyer: 60,000 shares
Net Buy
2 txns
Insider
Campbell Leslie C.G.
Role
Interim CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 60,000 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 145,000 shares (Direct);
Common Stock — 30,000 shares (Indirect, By Leslie C.G. Campbell 2020 Irrevocable Trust)
Footnotes (2)
- F1. Consists of a restricted stock award made pursuant to the PetMed Express, Inc. 2024 Omnibus Incentive Plan that will vest as to all shares on the first anniversary of the grant date, subject to continued employment and subject to accelerated vesting upon death, disability, a change of control, or certain terminations of employment.
- F2. These shares are held in a trust for the benefit of the family members of the reporting person. The spouse of the reporting person is trustee of the trust, but the reporting person is not a beneficiary of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
Key Figures
Restricted stock award: 60,000 shares of Common Stock
Direct holdings after grant: 145,000 shares of Common Stock
Indirect trust holdings: 30,000 shares of Common Stock
+2 more
5 metrics
Restricted stock award
60,000 shares of Common Stock
Grant to Interim CEO and President on 2026-08-11 under 2024 Omnibus Incentive Plan
Direct holdings after grant
145,000 shares of Common Stock
Total direct ownership reported following the 60,000-share restricted stock award
Indirect trust holdings
30,000 shares of Common Stock
Held by Leslie C.G. Campbell 2020 Irrevocable Trust; beneficial ownership disclaimed
Transaction price per share
$0.0000 per share
Reported price for the 60,000-share restricted stock grant (compensatory award)
Vesting period
1 year
Award vests as to all shares on the first anniversary of the grant date
Key Terms
restricted stock award, 2024 Omnibus Incentive Plan, change of control, Irrevocable Trust, +1 more
5 terms
restricted stock award financial
"Consists of a restricted stock award made pursuant to the PetMed Express, Inc."
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"
change of control financial
"subject to accelerated vesting upon death, disability, a change of control, or certain"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
Irrevocable Trust financial
"held in a trust for the benefit of the family members of the reporting person. The spouse of the reporting person is trustee of the trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities, and the filing"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What equity award did PETS grant to Interim CEO Leslie C.G. Campbell?
PETMED EXPRESS INC granted Leslie C.G. Campbell a 60,000-share restricted stock award of Common Stock under its 2024 Omnibus Incentive Plan, dated 2026-08-11. The award vests in full on the first anniversary of the grant date, subject to continued employment and specified acceleration events.
What are the vesting terms of Leslie C.G. Campbell’s PETS restricted stock award?
The 60,000-share restricted stock award to Leslie C.G. Campbell will vest as to all shares on the first anniversary of the grant date. Vesting is subject to continued employment, with potential acceleration upon death, disability, a change of control, or certain qualifying terminations.
What is the role of the 2024 Omnibus Incentive Plan for PETS in this grant?
The PetMed Express, Inc. 2024 Omnibus Incentive Plan is the equity compensation plan under which the 60,000-share restricted stock award was granted. It provides the framework for granting equity incentives, including the vesting and acceleration provisions described for this award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
