Anderson Joel D 4

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.