Insana Giovanni 4
Research Summary
AI-generated summary
Petco (WOOF) Chief Legal Officer Insana Giovanni Sells 1,549 Shares
What Happened Insana Giovanni, Chief Legal Officer and Secretary of Petco Health & Wellness (WOOF), had 1,549 restricted stock units (RSUs) withheld to satisfy tax withholding obligations tied to RSU vesting. The withholding is reported as a disposition at $2.84 per share, totaling approximately $4,399. This was a tax-withholding event—not an open-market sale.
Key Details
- Transaction date: April 10, 2026
- Reported filing date: April 14, 2026 (filed within required timeframe)
- Shares/amount: 1,549 RSUs withheld at $2.84 per share; total value ~$4,399
- Beneficial ownership after transaction: filing notes 258,112 outstanding RSUs granted under the 2021 Equity Incentive Plan (each RSU = one share)
- Footnotes: RSUs were granted April 10, 2023 and a portion vested April 10, 2026; withholding reported under transaction code F (payment of tax liability)
- This is a routine tax-withholding disposition, not a market purchase or directional sale by the insider
Context RSU withholding to cover taxes is common when awards vest and generally reflects required tax treatment rather than an insider choosing to sell shares. Each RSU represents the right to one share of Petco Class A common stock. This filing does not by itself indicate the insider's view of the company's prospects.