4//SEC Filing
Venezia Patrick J 4
Accession 0001127602-25-008621
CIK 0001826470other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 6:55 PM ET
Size
10.5 KB
Accession
0001127602-25-008621
Insider Transaction Report
Form 4
Venezia Patrick J
Chief Revenue Officer
Transactions
- Award
Class A Common Stock
2025-03-04+223,578→ 604,289 total - Award
Employee Stock Option (Right to Buy)
2025-03-04+172,956→ 172,956 totalExercise: $2.46Exp: 2035-03-04→ Class A Common Stock (172,956 underlying) - Award
Performance Stock Unit
2025-03-04+142,488→ 142,488 total→ Class A Common Stock (142,488 underlying)
Footnotes (3)
- [F1]Represents 223,578 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 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.
- [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 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 0001559039
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 6:55 PM ET
- Size
- 10.5 KB