Petco (WOOF) grants major RSU and PSU awards to HR chief
Rhea-AI Filing Summary
May Holly reported acquisition or exercise transactions in this Form 4 filing.
Petco Health & Wellness Company, Inc. granted equity awards to Chief Human Resources Officer Holly May. She received 201,582 restricted stock units on February 17, 2026 under the 2021 Equity Incentive Plan, each representing one share of Class A common stock or its cash value.
The RSUs vest over three years, with 34% after one year and four additional 16.5% installments through the third anniversary of the grant date. She was also granted 132,296 target performance stock units, which can pay out between 0% and 200% of target based on a performance period ending February 3, 2029 and continued employment through vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
May Holly
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 201,582 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Unit | 132,296 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 201,582 shares (Direct);
Performance Stock Unit — 132,296 shares (Direct)
Footnotes (2)
- F1. Represents 201,582 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 insider transaction did Petco (WOOF) report for Holly May?
Petco reported equity awards to Holly May, its Chief Human Resources Officer. She received 201,582 restricted stock units and 132,296 target performance stock units under the 2021 Equity Incentive Plan, both granted on February 17, 2026, with multi-year vesting and performance conditions attached.
How many RSUs did Holly May receive from Petco (WOOF)?
Holly May received 201,582 restricted stock units from Petco. These RSUs were granted on February 17, 2026 under the 2021 Equity Incentive Plan and each unit represents one share of Petco Class A common stock or its cash value, subject to a staged vesting schedule over three years.
What are the vesting terms for Holly May’s Petco (WOOF) RSUs?
The 201,582 RSUs vest in five installments over three years. Vesting occurs 34% on the first anniversary of the grant date, then 16.5% at 18 months, 24 months, 30 months, and 36 months after the February 17, 2026 grant date, contingent on continued service.
What performance stock units did Petco (WOOF) grant to Holly May?
Petco granted Holly May 132,296 target performance stock units. The PSUs can settle in shares of Class A common stock in an amount ranging from 0% to 200% of the target, depending on performance over a period ending February 3, 2029 and continued employment.
How is the payout for Petco (WOOF) performance stock units determined?
PSU payouts depend on Petco’s share price performance. After a performance period ending February 3, 2029, the actual PSUs earned will be based on Petco’s 20-day volume weighted average trading price at period end, with potential payout from 0% to 200% of the 132,296 target units.