SIMMONS SABRINA 4
4 · Petco Health & Wellness Company, Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Petco (WOOF) CFO Sabrina Simmons Receives Equity Award
What Happened
Sabrina Simmons, Chief Financial Officer of Petco Health & Wellness Company (WOOF), received equity awards on February 17, 2026: 592,886 restricted stock units (RSUs) and a target grant of 389,106 performance stock units (PSUs). The reported price is $0.00 because these are compensation awards (transaction code A); no cash was paid by the insider.
Key Details
- Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (timely filing within the usual 2-business-day window).
- RSUs: 592,886 units granted (each converts to one share or equivalent cash value at vesting). Vesting schedule: 34% at 1 year, then 16.5% at 18 months, 16.5% at 2 years, 16.5% at 30 months, and 16.5% at 3 years (see footnote F1).
- PSUs: 389,106 target units granted; actual payout 0%–200% of target based on performance measured through the 20-day VWAP at the end of the performance period (ending Feb 3, 2029) and subject to continued employment (see footnote F2).
- Shares owned after transaction: not disclosed in this Form 4.
- Filing exhibit: Exhibit 24.1 (Power of Attorney). No indication of late filing.
Context
These awards are standard executive compensation: RSUs vest over time and convert into shares (or cash equivalent) upon vesting; PSUs are performance-based and may pay out more or less than target depending on company performance at the end of the performance period. Grants represent compensation and not open-market buying or selling, so they do not directly signal immediate insider sentiment about near-term stock direction.
Insider Transaction Report
- Award
Restricted Stock Unit
[F1]2026-02-17+592,886→ 592,886 total→ Class A Common Stock (592,886 underlying) - Award
Performance Stock Unit
[F2]2026-02-17+389,106→ 389,106 total→ Class A Common Stock (389,106 underlying)
Footnotes (2)
- [F1]Represents 592,886 restricted stock units ("RSUs") granted to the Reporting Person under the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan (as amended, the "2021 Plan") on February 17, 2026 (the "Grant Date"). Each RSU represents the right to receive one share of Class A common stock of the Issuer or the cash value thereof. The RSUs 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.
- [F2]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 February 3, 2029, based on the Issuer's 20-day volume weighted average trading price at the end of the performance period and subject to continued employment through the vesting date.