Venezia Patrick J 4
4 · Petco Health & Wellness Company, Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Petco (WOOF) CRO Patrick J. Venezia Withholds RSUs for Taxes
What Happened Patrick J. Venezia, Chief Revenue Officer of Petco Health & Wellness Company (WOOF), had 32,792 restricted stock units (RSUs) withheld to satisfy his tax liability. The withheld RSUs were reported as disposed at an effective price of $2.65 per share, for a total value of $86,899. The RSUs were part of a grant made March 4, 2025 and a portion vested on March 4, 2026.
Key Details
- Transaction date: March 4, 2026; filing date: March 6, 2026 (filed within the Form 4 reporting window).
- Transaction type: Tax withholding of RSUs (Code F) — 32,792 shares withheld at $2.65 each = $86,899.
- Shares/units reported after transaction: the filing notes 398,832 outstanding RSUs under the 2021 Equity Incentive Plan (each RSU converts to one share upon settlement).
- Footnotes: F1 confirms withholding satisfied tax liability for RSUs granted 3/4/2025 and partially vested 3/4/2026; F2 notes the 398,832 RSUs outstanding.
- No indication of a 10b5-1 plan or other trading arrangement in this filing.
Context This transaction is a routine tax-withholding disposition that commonly occurs when equity awards vest; the company retains (withholds) shares to cover the recipient’s tax bill. Such withholding sales are administrative and do not necessarily signal the insider’s view on the company’s stock.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2]2026-03-04$2.65/sh−32,792$86,899→ 442,056 total
Footnotes (2)
- [F1]The transaction reported reflects the withholding of restricted stock units ("RSUs") in satisfaction of the Reporting Person's tax liability. The RSUs were granted to the Reporting Person on March 4, 2025 pursuant to the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan (as amended, the "2021 Plan"), and a portion vested on March 4, 2026.
- [F2]Includes 398,832 outstanding RSUs granted under the 2021 Plan. Each RSU represents the right to receive one share of Class A common stock of the Issuer.