[Form 4] Petco Health & Wellness Company, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Insana Giovanni reported acquisition or exercise transactions in this Form 4 filing.
Petco Health & Wellness Company, Inc. reported that executive Giovanni Insana received equity awards consisting of 189,724 restricted stock units and 124,514 performance stock units under the company’s 2021 Equity Incentive Plan. These awards were granted at a price of $0.00 per unit as part of compensation.
The RSUs vest in stages from the first through the third anniversary of the February 17, 2026 grant date, with 34% vesting after one year and the remaining portions vesting at 18, 24, 30 and 36 months. Each RSU represents one share of Class A common stock or its cash value.
The PSU grant reflects a target of 124,514 units, with the actual number of shares earned ranging from 0% to 200% of target. The final payout will be determined after a performance period ending on February 3, 2029, based on Petco’s 20-day volume-weighted average trading price and continued employment through vesting.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 189,724 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Unit | 124,514 | $0.00 | $0.00 |
Footnotes (2)
- F1. Represents 189,724 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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