Petco (WOOF) executive disposes 24,044 shares in RSU tax withholding
Rhea-AI Filing Summary
Petco Health & Wellness Company, Inc. officer Giovanni Insana reported a tax-related share disposal tied to equity compensation. On March 4, 2026, 24,044 shares of Class A common stock were withheld at $2.65 per share to satisfy taxes on vesting restricted stock units (RSUs). After this tax-withholding disposition, Insana directly holds 421,204 Class A shares and has 261,756 outstanding RSUs granted under Petco’s 2021 Equity Incentive Plan, each RSU representing one future share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 24,044 shares
Net Sell
1 txn
Insider
Insana Giovanni
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 24,044 | $2.65 | $64K |
Holdings After Transaction:
Class A Common Stock — 421,204 shares (Direct)
Footnotes (2)
- F1. The transaction reported reflects the withholding of restricted stock units ("RSUs") in satisfaction of the Reporting Person's tax liability. The RSUs were granted to the Reporting Person on March 4, 2025 pursuant to the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan (as amended, the "2021 Plan"), and a portion vested on March 4, 2026.
- F2. Includes 261,756 outstanding RSUs granted under the 2021 Plan. Each RSU represents the right to receive one share of Class A common stock of the Issuer.
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FAQ
What insider transaction did Giovanni Insana report at Petco (WOOF)?
Giovanni Insana reported a tax-withholding disposition of 24,044 Petco Class A shares. The shares were withheld to cover taxes due on vesting restricted stock units granted under Petco’s 2021 Equity Incentive Plan, rather than sold in an open-market transaction.
What RSU holdings does Giovanni Insana have at Petco (WOOF)?
Insana holds 261,756 outstanding RSUs granted under Petco’s 2021 Equity Incentive Plan. Each restricted stock unit represents the right to receive one share of Petco Class A common stock upon vesting and settlement, providing additional future equity exposure beyond current shares.
Was the Petco (WOOF) insider transaction an open-market sale?
No. The filing describes the transaction as a tax-withholding disposition of RSUs. Shares were withheld by the issuer to satisfy Insana’s tax liability when a portion of his March 4, 2025 RSU grant vested on March 4, 2026, rather than sold on the open market.