Petco (NASDAQ: WOOF) CFO receives large RSU and PSU equity awards
Rhea-AI Filing Summary
SIMMONS SABRINA reported acquisition or exercise transactions in this Form 4 filing.
Petco Health & Wellness Company, Inc. granted Chief Financial Officer Sabrina Simmons 592,886 restricted stock units (RSUs) and 389,106 performance stock units (PSUs) on February 17, 2026 under its 2021 Equity Incentive Plan.
Each RSU represents one share of Class A common stock or its cash value and will vest in stages over three years: 34% after one year, then 16.5% at 18 months, two years, 30 months, and three years. The PSUs represent a target that can pay out from 0% to 200% of 389,106 shares based on Petco’s 20-day volume-weighted average trading price over a performance period ending February 3, 2029, and require continued employment through the vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SIMMONS SABRINA
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 592,886 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Unit | 389,106 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 592,886 shares (Direct);
Performance Stock Unit — 389,106 shares (Direct)
Footnotes (2)
- F1. Represents 592,886 restricted stock units ("RSUs") granted to the Reporting Person under the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan (as amended, the "2021 Plan") on February 17, 2026 (the "Grant Date"). Each RSU represents the right to receive one share of Class A common stock of the Issuer or the cash value thereof. The RSUs will vest as follows: (i) 34% on the first anniversary of the Grant Date; (ii) 16.5% on the date that is 18 months following the Grant Date; (iii) 16.5% on the second anniversary of the Grant Date; (iv) 16.5% on the date that is 30 months following the Grant Date; and (v) 16.5% on the third anniversary of the Grant Date.
- F2. Represents the target number of performance stock units ("PSUs") granted under the 2021 Plan. The PSUs represent the right to receive shares of Class A common stock of the Issuer in an amount from 0% to 200% of the target number of PSUs granted. The actual number of PSUs earned will be determined following a performance period ending February 3, 2029, based on the Issuer's 20-day volume weighted average trading price at the end of the performance period and subject to continued employment through the vesting date.
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FAQ
What equity awards did Petco (WOOF) grant to its CFO Sabrina Simmons?
Petco granted CFO Sabrina Simmons 592,886 restricted stock units and 389,106 performance stock units on February 17, 2026. Both awards were issued under the 2021 Equity Incentive Plan and are settled in Class A common stock or equivalent cash value, subject to vesting conditions.
How do the new RSUs for Petco (WOOF) CFO vest over time?
The 592,886 RSUs vest over three years from the February 17, 2026 grant date. 34% vest after one year, then 16.5% vest at 18 months, two years, 30 months, and three years, encouraging multi-year retention and alignment with company performance.
How are the Petco (WOOF) CFO’s PSUs structured and potentially earned?
The 389,106 PSUs represent a target that can pay out between 0% and 200% of that number. The actual shares earned depend on Petco’s 20-day volume-weighted average trading price over a performance period ending February 3, 2029, plus continued employment through vesting.
What performance period applies to the Petco (WOOF) CFO’s PSU grant?
The PSU performance period runs until February 3, 2029. After this period, Petco will determine how many PSUs are earned, between 0% and 200% of the 389,106 target units, based on its 20-day volume-weighted average trading price at the end of that period.
Does the Petco (WOOF) CFO’s equity award require continued employment to vest?
Yes. Both the RSU and PSU awards require continued employment through their respective vesting dates. The RSUs vest in scheduled tranches over three years, while the PSUs vest after the performance period ending February 3, 2029, subject to the performance outcome and employment condition.
Under which plan were the Petco (WOOF) CFO’s RSUs and PSUs granted?
Both the RSUs and PSUs were granted under the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan, as amended. This plan authorizes equity-based awards like restricted stock units and performance stock units to align key employees’ compensation with company results.