Petco (WOOF) director receives 60,662 RSUs vesting by June 2027
Rhea-AI Filing Summary
BRIGGS GARY S reported acquisition or exercise transactions in this Form 4 filing.
Petco Health & Wellness Company, Inc. director Gary S. Briggs received an equity award of 60,662 restricted stock units (RSUs) of Class A common stock as compensation. The grant was made at no cash cost to him and is issued under Petco’s 2021 Equity Incentive Plan.
Each RSU represents one share of Class A common stock and will vest on the earlier of the company’s next annual shareholder meeting or June 30, 2027. Following this award, Briggs holds 223,423 shares of Petco common stock in total, reflecting a larger equity stake aligned with shareholders.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 60,662 shares
Net Buy
1 txn
Insider
BRIGGS GARY S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 60,662 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 223,423 shares (Direct)
Footnotes (1)
- F1. Represents 60,662 restricted stock units ("RSUs") granted under the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan, as amended. Each RSU represents the right to receive one share of Class A common stock of the Issuer. The RSUs will vest on the earlier to occur of (i) the Issuer's next annual shareholder meeting or (ii) June 30, 2027.
Key Figures
RSUs granted: 60,662 RSUs
Post-grant holdings: 223,423 shares
Grant price: $0.00 per share
+2 more
5 metrics
RSUs granted
60,662 RSUs
Equity award of Class A Common Stock
Post-grant holdings
223,423 shares
Total Class A Common Stock after RSU grant
Grant price
$0.00 per share
Reported transaction price for RSU award
RSU-to-share ratio
1 RSU = 1 share
Each RSU represents one share of Class A stock
Latest vesting date
June 30, 2027
RSUs vest by next annual meeting or this date
Key Terms
restricted stock units ("RSUs"), 2021 Equity Incentive Plan, Class A common stock, vest
4 terms
restricted stock units ("RSUs") financial
"Represents 60,662 restricted stock units ("RSUs") granted under the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2021 Equity Incentive Plan financial
"RSUs granted under the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan, as amended"
Class A common stock financial
"Each RSU represents the right to receive one share of Class A common stock of the Issuer"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vest financial
"The RSUs will vest on the earlier to occur of the Issuer's next annual shareholder meeting or June 30, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Petco (WOOF) director Gary S. Briggs report in this Form 4?
Gary S. Briggs reported receiving 60,662 restricted stock units (RSUs) of Petco Class A common stock as an equity award. The grant is compensation under Petco’s 2021 Equity Incentive Plan, with no purchase price paid for the shares.
How many Petco (WOOF) RSUs were granted to Gary S. Briggs?
Gary S. Briggs was granted 60,662 restricted stock units (RSUs) of Petco Class A common stock. Each RSU represents the right to receive one share, subject to vesting conditions tied to the next annual shareholder meeting or June 30, 2027.
When do Gary S. Briggs’s Petco (WOOF) RSUs vest?
The 60,662 Petco RSUs granted to Gary S. Briggs vest on the earlier of the company’s next annual shareholder meeting or June 30, 2027. Vesting must occur before he actually receives the underlying Class A common shares.
Was this Petco (WOOF) Form 4 a stock purchase or a compensation grant?
This Form 4 reflects a compensation grant, not an open-market stock purchase. Gary S. Briggs received 60,662 RSUs at a reported price of $0.00 per share under Petco’s 2021 Equity Incentive Plan, consistent with typical director equity awards.