Petco exec has 90K shares withheld for taxes
Rhea-AI Filing Summary
Petco Health & Wellness Company, Inc. (WOOF) reported that Chief Customer and Product Officer Michael Romanko had 90,138 shares of Class A common stock withheld on September 4, 2026 to satisfy tax liability related to vesting restricted stock units (RSUs) granted under the company’s 2021 Equity Incentive Plan. After this tax-withholding disposition, he directly holds 1,100,807 shares of Class A common stock, including 653,965 outstanding RSUs, each representing the right to receive one share upon settlement. No Rule 10b5-1 trading plan is reported for this transaction.
Positive
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Negative
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Insider Trade Summary
Tax Withholding: 90,138 shares
Tax Withholding
1 txn
Insider
Romanko Michael
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1, F2 | 90,138 | $2.52 | $227K |
Holdings After Transaction:
Class A Common Stock — 1,100,807 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 September 4, 2026.
- F2. Includes 653,965 outstanding RSUs granted under the 2021 Plan. Each RSU represents the right to receive one share of Class A common stock of the Issuer.
Key Figures
Shares withheld for tax liability: 90,138 shares
Transaction price per share: $2.52 per share
Shares held after transaction: 1,100,807 shares
+2 more
5 metrics
Shares withheld for tax liability
90,138 shares
Class A common stock withheld on September 4, 2026 to satisfy tax liability on vesting RSUs
Transaction price per share
$2.52 per share
Price associated with the 90,138 shares withheld for tax liability
Shares held after transaction
1,100,807 shares
Direct Class A common stock holdings of Michael Romanko following the September 4, 2026 transaction
Outstanding RSUs under 2021 Plan
653,965 RSUs
Outstanding restricted stock units granted under Petco’s 2021 Equity Incentive Plan, each representing one share
Tax-withholding transactions in filing
1 transaction
Number of code F transactions for payment of tax liability by withholding securities
Key Terms
restricted stock units, 2021 Equity Incentive Plan, tax liability, Class A common stock
4 terms
restricted stock units financial
"The transaction reported reflects the withholding of restricted stock units ("RSUs")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Equity Incentive Plan financial
"granted to the Reporting Person on March 4, 2025 pursuant to the ... 2021 Plan"
tax liability financial
"withholding of restricted stock units ("RSUs") in satisfaction of the Reporting Person's tax liability"
Class A common stock financial
"Each RSU represents the right to receive one share of Class A common stock"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Petco (WOOF) report for Michael Romanko on September 4, 2026?
The filing reports that 90,138 shares of Petco Class A common stock were withheld on September 4, 2026 to satisfy tax liability arising from vesting restricted stock units granted under the 2021 Equity Incentive Plan.
Was the September 4, 2026 Petco (WOOF) insider transaction under a Rule 10b5-1 plan?
No. The Form 4 indicates no Rule 10b5-1 trading plan for this transaction; the document-level Rule 10b5-1 checkbox is not checked, and the footnotes describe the event as withholding RSUs to satisfy tax liability.
How many outstanding RSUs does Michael Romanko have under Petco’s 2021 Plan after this filing?
Footnote disclosure states that Michael Romanko has 653,965 outstanding RSUs granted under Petco’s 2021 Equity Incentive Plan, with each RSU representing the right to receive one share of Class A common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.