4//SEC Filing
May Holly 4
Accession 0001127602-24-013141
CIK 0001826470other
Filed
Apr 16, 8:00 PM ET
Accepted
Apr 17, 7:12 PM ET
Size
9.8 KB
Accession
0001127602-24-013141
Insider Transaction Report
Form 4
May Holly
Chief Human Resources Officer
Transactions
- Award
Class A Common Stock
2024-04-15+500,000→ 2,015,152 total - Award
Class A Common Stock
2024-04-15+1,515,152→ 1,515,152 total - Award
Performance Stock Unit
2024-04-15+145,503→ 145,503 total→ Class A Common Stock (145,503 underlying)
Footnotes (3)
- [F1]Represents 1,515,152 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) 10% on the first anniversary of 04/15/2024 (the "Grant Date"); (ii) 20% on the second anniversary of the Grant Date; (iii) 30% on the third anniversary of the Grant Date; and (iv) 40% on the fourth anniversary of the Grant Date.
- [F2]Represents 500,000 RSUs granted under 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 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.
- [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.
Documents
Issuer
Petco Health & Wellness Company, Inc.
CIK 0001826470
Entity typeother
Related Parties
1- filerCIK 0001847009
Filing Metadata
- Form type
- 4
- Filed
- Apr 16, 8:00 PM ET
- Accepted
- Apr 17, 7:12 PM ET
- Size
- 9.8 KB