Chewy (CHWY) Director Martin Nesbitt Receives RSU Award

What Happened
Martin H. Nesbitt, a director of Chewy, Inc., was granted 10,665 restricted stock units (RSUs) on July 9, 2026. The Form 4 reports the acquisition as an award (code A) at $0.00 per share (total reported value $0). Each RSU represents a contingent right to receive one share of Chewy Class A common stock upon vesting.

Key Details

• Transaction date: July 9, 2026; Form 4 filed July 13, 2026 (filed within the required 2 business days).
• Type/code: Award/Grant (A). Shares granted: 10,665. Price: $0.00. Reported total value: $0.
• Vesting (per footnote F1): RSUs vest on the earlier of (1) Chewy’s 2027 annual meeting, (2) one year from grant, or (3) a change of control, subject to continued board service.
• Footnote F2: Some previously vested RSUs remain unsettled and will settle upon the director leaving the board, death/disability, or a change in control.
• Shares owned after transaction: Not specified in the filing.
• No 10b5-1 plan, tax-withholding sale, or open-market trade reported — this is a compensation grant, not a purchase or sale.

Context
RSUs are a form of non-cash compensation that convert to shares if and when they vest; they are routine for directors and don’t necessarily indicate buying or selling sentiment. For retail investors, awards like this are primarily compensation-related rather than a direct bullish or bearish signal about the stock.