Anderson Joel D 4
4 · Petco Health & Wellness Company, Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Petco (WOOF) CEO Joel Anderson Receives RSU and PSU Awards
What Happened
Petco CEO Joel D. Anderson received equity awards on Feb 17, 2026: 2,134,388 restricted stock units (RSUs) and 1,400,779 target performance stock units (PSUs). Both awards were reported as derivative acquisitions (Form 4 code A) at $0.00 per unit (these are compensation grants, not market purchases). The RSUs convert to one share each (or cash value) on vesting; the PSUs pay out between 0% and 200% of target based on performance measured over a multi‑year period.
Key Details
- Transaction date: February 17, 2026; reported on Form 4 filed February 19, 2026 (filing appears timely). Price reported: $0.00 (award).
- RSUs: 2,134,388 units. Vesting schedule: 34% on first anniversary of grant; 16.5% at 18 months; 16.5% at 2 years; 16.5% at 30 months; 16.5% at 3 years (per footnote).
- PSUs: 1,400,779 target units. Payout range: 0%–200% of target, determined after a performance period ending February 3, 2029, based on the issuer’s 20‑day VWAP at the end of the period and subject to continued employment.
- Shares owned after the transaction: not specified in the information provided.
- Nature of transaction: Compensation award (derivative grant), not a buy or sell of existing shares.
Context
RSUs and PSUs are common executive compensation tools: RSUs vest over time and convert to shares (or cash) once vested; PSUs are performance‑based and may result in more, fewer, or no shares depending on achievement of targets. Because these are grants tied to vesting and performance, they do not indicate an immediate purchase or sale by the insider and should be viewed as part of compensation rather than a direct market sentiment signal.
Insider Transaction Report
- Award
Restricted Stock Unit
[F1]2026-02-17+2,134,388→ 2,134,388 total→ Class A Common Stock (2,134,388 underlying) - Award
Performance Stock Unit
[F2]2026-02-17+1,400,779→ 1,400,779 total→ Class A Common Stock (1,400,779 underlying)
Footnotes (2)
- [F1]Represents 2,134,388 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.