SIMMONS SABRINA 4

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.