May Holly 4
4 · Petco Health & Wellness Company, Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Petco (WOOF) CHRO May Holly Receives Equity Awards
What Happened
May Holly, Chief Human Resources Officer of Petco Health & Wellness Company (WOOF), received two equity awards on February 17, 2026: 201,582 restricted stock units (RSUs) and 132,296 target performance stock units (PSUs). Both grants were reported at $0 per share because they are compensation awards (derivative grants), not open-market purchases or sales.
Key Details
- Transaction date reported: February 17, 2026; Form 4 filed February 19, 2026.
- Awards: 201,582 RSUs (F1) and 132,296 target PSUs (F2). Reported price = $0.00 (awarded, not purchased).
- RSU vesting schedule (per footnote F1): 34% on the 1st anniversary, then 16.5% at 18 months, 16.5% at 2 years, 16.5% at 30 months, and 16.5% at 3 years from grant date.
- PSU terms (per footnote F2): Target number = 132,296; payout can be 0%–200% of target based on performance through a period ending Feb 3, 2029, using the 20-day VWAP at the end of the period and subject to continued employment.
- Shares owned after the transaction: not disclosed in the supplied filing.
- Filing timeliness: Form filed two days after the grant date (within the typical 2-business-day Form 4 reporting window).
Context
These are compensation grants (derivative awards). RSUs convert to shares (or cash equivalent) as they vest; PSUs are performance-based and may pay out more or fewer shares than the target depending on results. Grants are routine for executives and do not by themselves indicate buying or selling sentiment.
Insider Transaction Report
- Award
Restricted Stock Unit
[F1]2026-02-17+201,582→ 201,582 total→ Class A Common Stock (201,582 underlying) - Award
Performance Stock Unit
[F2]2026-02-17+132,296→ 132,296 total→ Class A Common Stock (132,296 underlying)
Footnotes (2)
- [F1]Represents 201,582 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.