LaRose Brian 4
4 · Petco Health & Wellness Company, Inc. · Filed Apr 17, 2024
Insider Transaction Report
Form 4
LaRose Brian
Chief Financial Officer
Transactions
- Award
Class A Common Stock
2024-04-15+500,000→ 734,389 total - Award
Performance Stock Unit
2024-04-15+145,503→ 145,503 total→ Class A Common Stock (145,503 underlying)
Holdings
- 3,000(indirect: By Spouse)
Class A Common Stock
Footnotes (3)
- [F1]Represents 500,000 restricted stock units ("RSUs") granted under the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan (as amended, the "2021 Plan"). Each RSU represents the right to receive one share of Class A common stock of the Issuer. The RSUs will vest in the following installments: (i) 34% on the first anniversary of 04/15/2024 (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]Includes 135,984 outstanding RSUs granted under 2021 Plan. Each RSU represents the right to receive one share of Class A common stock of the Issuer.
- [F3]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 January 30, 2027, based on the Issuer's total shareholder return during the performance period and subject to continued employment through the vesting date.