4//SEC Filing
SIMMONS SABRINA 4
Accession 0001127602-25-008617
CIK 0001826470other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 6:51 PM ET
Size
12.5 KB
Accession
0001127602-25-008617
Insider Transaction Report
Form 4
SIMMONS SABRINA
Chief Financial Officer
Transactions
- Award
Class A Common Stock
2025-03-04+406,505→ 504,178 total - Award
Class A Common Stock
2025-03-04+1,016,261→ 1,520,439 total - Award
Employee Stock Option (Right to Buy)
2025-03-04+314,466→ 314,466 totalExercise: $2.46Exp: 2035-03-04→ Class A Common Stock (314,466 underlying) - Award
Performance Stock Unit
2025-03-04+259,068→ 259,068 total→ Class A Common Stock (259,068 underlying)
Footnotes (4)
- [F1]Represents 406,505 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 3/4/2025 (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 1,016,261 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 options to purchase Class A Common Stock granted under the 2021 Plan. The options 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.
- [F4]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 29, 2028, 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 0001411337
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 6:51 PM ET
- Size
- 12.5 KB