Billings William G. 4
4 · Chewy, Inc. · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Chewy (CHWY) CAO William Billings Receives 14,470-Unit Award
What Happened
William G. Billings, Chewy's Chief Accounting Officer, was credited with 14,470 performance-based restricted stock units (PRSUs) on March 25, 2026 (transaction code A). The Form 4 reports the acquisition at $0.00 per unit (total reported cost $0) because these are equity awards, not an open‑market purchase. Per the filing, the performance conditions for these PRSUs were certified by Chewy’s Compensation Committee on March 5, 2026; the PRSUs vest on March 1, 2028, subject to continued employment.
Key Details
- Transaction date: March 25, 2026; reported acquisition price: $0.00; amount: 14,470 PRSUs (code A = award/grant).
- Filing date: March 27, 2026 — appears timely (filed within the Form 4 reporting window).
- Shares owned after transaction: not specified in the materials provided.
- Footnote F1: These 14,470 are performance-based RSUs (PRSUs) initially granted April 8, 2025; certification of performance occurred March 5, 2026; vesting on March 1, 2028, subject to continued employment.
- Footnotes F2–F4: The filing also references other time‑based RSU grants from Sept 20, 2024 and Apr 8, 2025 with staggered vesting through 2026–2027 (details in filing).
- Transaction type: award/grant (A). Not an open-market buy or sale.
Context
PRSUs are contingent rights to receive company stock if performance goals and service conditions are met; they are not immediate share ownership and carry no up‑front cash cost to the insider. Because this is a grant/award (not a purchase or sale), it does not directly signal a near‑term buy or sell by the insider — it reflects compensation tied to performance and retention.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-03-25+14,470→ 14,470 total
- 36,338
Class A Common Stock
- 43,750
Class A Common Stock
[F2] - 27,026
Class A Common Stock
[F3] - 19,033
Class A Common Stock
[F4]
Footnotes (4)
- [F1]Represents performance-based restricted stock units ("PRSUs") granted to the filing person. Each PRSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The PRSUs were initially granted on April 8, 2025 and the amount of PRSUs eligible for vesting was subject to certification of the satisfaction of certain performance conditions for the 2025 fiscal year by the Compensation Committee of the Board of Directors. On March 5, 2026, the Compensation Committee of the Board of Directors certified the achievement of the performance conditions for the PRSUs, which vest on March 1, 2028, subject to the filing person's continued employment with Chewy, Inc. through the vesting date.
- [F2]Represents restricted stock units ("RSUs") granted to the filing person on September 20, 2024. Each RSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The RSUs are subject to time-vesting conditions. 58.5% will vest on August 1, 2026, and 41.5% will vest on August 1, 2027, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date.
- [F3]Represents RSUs granted to the filing person on September 20, 2024. Each RSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The RSUs are subject to time-vesting conditions. 10% will vest on May 1, 2026, and each three-month anniversary thereafter, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date.
- [F4]Represents RSUs granted to the filing person on April 8, 2025. Each RSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The RSUs are subject to time-vesting conditions. 8.33% will vest on June 1, 2026 and on each three-month anniversary thereafter, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date.