Petco (WOOF) executive sees 130,194 shares withheld for RSU tax liability
Rhea-AI Filing Summary
Petco Health & Wellness Company, Inc. executive Michael Romanko reported a Form 4 transaction showing a tax-related share disposition. On March 4, 2026, 130,194 shares of Class A common stock were withheld at a price of $2.65 per share to satisfy his tax liability on vested restricted stock units granted under the 2021 Equity Incentive Plan. After this withholding, he directly owned 1,190,945 shares of Class A common stock, and this amount includes 871,952 outstanding restricted stock units, each representing the right to receive one share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 130,194 shares
Net Sell
1 txn
Insider
Romanko Michael
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 130,194 | $2.65 | $345K |
Holdings After Transaction:
Class A Common Stock — 1,190,945 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 871,952 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 Petco (WOOF) executive Michael Romanko report?
Michael Romanko reported a tax-withholding disposition of 130,194 Petco Class A shares. The shares were withheld to cover tax liability from vested restricted stock units granted under Petco’s 2021 Equity Incentive Plan, rather than sold in an open-market transaction.
What restricted stock units (RSUs) are reported for Michael Romanko at Petco (WOOF)?
The filing states that Michael Romanko has 871,952 outstanding RSUs granted under Petco’s 2021 Equity Incentive Plan. Each RSU represents the right to receive one share of Petco Class A common stock upon settlement, subject to applicable vesting conditions.
Which equity plan governs the reported RSUs for Petco (WOOF) executive Michael Romanko?
The restricted stock units are granted under the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan, as amended. The March 4, 2026 vesting and related tax-withholding disposition both arise from awards issued pursuant to this equity incentive plan.