Large RSU and PSU grants to Michael Romanko at Petco (WOOF)
Rhea-AI Filing Summary
Romanko Michael reported acquisition or exercise transactions in this Form 4 filing.
Petco Health & Wellness Company, Inc. reported that Michael Romanko received sizable equity awards under the company’s 2021 Equity Incentive Plan on February 17, 2026. He was granted 711,463 restricted stock units (RSUs), each representing one share of Class A common stock or its cash value.
The RSUs vest over three years, with 34% on the first anniversary of the grant date and four additional tranches of 16.5% through the third anniversary. Romanko also received 466,927 target performance stock units (PSUs), which can pay out from 0% to 200% of the target based on a performance period ending February 3, 2029 and the company’s 20-day volume-weighted average trading price, subject to continued employment.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 711,463 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Unit | 466,927 | $0.00 | $0.00 |
Footnotes (2)
- F1. Represents 711,463 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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