Deppe Christopher S. 4

What Happened

• Christopher S. Deppe, Chief Financial Officer of Chewy, was reported as acquiring 4,342 performance-based restricted stock units (PRSUs) on March 25, 2026. The filing shows an acquisition price of $0.00 (no cash paid at grant).
• These PRSUs were initially granted April 1, 2025 and, per the filing, the Compensation Committee certified achievement of the applicable 2025 performance conditions on March 5, 2026. The PRSUs vest on March 1, 2028, subject to Deppe’s continued employment through the vesting date.

Key Details

• Transaction date: 2026-03-25; reported in Form 4 filed 2026-03-27 (timely — within standard two-business-day reporting window).
• Price: $0.00 per unit; total cash exchanged at grant: $0.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnote F1 explains these are PRSUs (each represents a contingent right to one share); other footnotes (F2–F9) in the filing describe additional outstanding RSU/PRSU awards to Deppe with various time- and performance-based vesting schedules through 2026–2028.
• Transaction code: A (Award/Grant).

Context

• PRSUs are contingent awards — they become actual shares only if performance conditions are met and the executive remains employed through the vesting date. This transaction is an awarded grant, not an open-market purchase or sale, so it does not represent immediate buying or selling pressure.
• For retail investors, awarded equity is common for executive compensation and retention; it signals the company completed a performance certification for the 2025 period but should not be interpreted alone as a buy/sell signal.