Breitner Cameron 4
Research Summary
AI-generated summary
Petco (WOOF) Director Breitner Receives RSU Award
What Happened
Breitner, a director of Petco Health & Wellness Company (WOOF), was granted 60,662 restricted stock units (RSUs) on 2026-06-30. The RSUs were issued at $0.00 per share (total reported acquisition value $0). Each RSU represents the right to receive one share of Class A common stock upon vesting.
Key Details
- Transaction date: 2026-06-30; filing date: 2026-07-02 (appears timely for a Form 4).
- Grant: 60,662 RSUs @ $0.00 (acquisition value $0).
- Shares owned after transaction: not specified in the filing.
- Footnote F1: RSUs granted under the 2021 Equity Incentive Plan; each RSU converts to one share on vesting. Vesting occurs on the earlier of the issuer’s next annual shareholder meeting or June 30, 2027.
- Footnote F2: On 2025-11-28, shares formerly held by a trust were moved to an LLC owned 50% by the reporting person and 50% by their spouse; this did not change beneficial ownership.
- Exhibit: Power of Attorney filed as Exhibit 24.1.
Context
This was an equity award (not a purchase or sale). RSU grants are compensation and do not immediately transfer shares — they convert to shares only upon vesting per the stated schedule. The filing simply records the grant and the related vesting terms; it does not, by itself, indicate buying or selling behavior.