Anderson Joel D 4
Research Summary
AI-generated summary
Petco (WOOF) CEO Joel Anderson Buys 5,000 Shares
What Happened
- Joel D. Anderson, CEO of Petco Health & Wellness Company, acquired 5,000 shares of Petco Class A common stock on January 30, 2026 at $2.29 per share, for a total of $11,450. The transaction was an acquisition under the company’s 2021 Employee Stock Purchase Plan (ESPP).
Key Details
- Transaction date and price: January 30, 2026 — 5,000 shares at $2.29 each (total $11,450).
- Shares owned after transaction: Not specified in the provided excerpt. The filing notes 2,466,451 outstanding restricted stock units (RSUs) held by Anderson (each RSU represents one share).
- Notable footnotes:
- F1: Shares were acquired under the 2021 ESPP and the transaction was exempt under Rule 16b-3(d) and 16b-3(c).
- F2: Includes 2,466,451 outstanding RSUs granted under the 2021 Equity Incentive Plan.
- F3: On Jan 13, 2026, 495,706 shares were transferred from the 2025 Trust into the Revocable Trust.
- Filing timeliness: Report filed on Feb 3, 2026 (within the required two-business-day window after the Jan 30 transaction).
- Remarks: Power of Attorney noted in the filing (24.1).
Context
- This was an ESPP purchase (employee plan acquisition), which is generally a routine employee purchase rather than a market-direction signal. The purchase size ($11.5k) is modest relative to typical insider holdings and the large number of RSUs disclosed.
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