Petco Director Gary S. Briggs Receives 60,662 RSU Award

What Happened
Gary S. Briggs, a director of Petco Health & Wellness Company, Inc. (WOOF), was granted 60,662 restricted stock units (RSUs) on June 30, 2026. The filing shows an acquisition at $0.00 per RSU (no cash paid); each RSU represents the right to receive one share of Class A common stock upon vesting.

Key Details

• Transaction date: 2026-06-30; reported on Form 4 filed 2026-07-02 (timely filing).
• Grant type/code: Award/Grant (A) — 60,662 RSUs at $0.00.
• Vesting: RSUs vest on the earlier of (i) the issuer’s next annual shareholder meeting or (ii) June 30, 2027.
• Each RSU converts to one share of Class A common stock upon vesting.
• Shares owned after the transaction are not specified in the provided excerpt.
• Remark on filing: Exhibit 24.1 (Power of Attorney) noted in the filing.

Context
RSU grants are compensation awards, not open-market purchases or sales. They do not require an upfront cash payment; value to the holder depends on Petco’s share price at vesting. This grant is a standard equity award to a director and should be interpreted as compensation rather than a direct buy/sell signal.