Chewy (NYSE: CHWY) CEO and spouse receive new PRSU and RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Singh Sumit reported acquisition or exercise transactions in this Form 4 filing.
Chewy, Inc. Chief Executive Officer Sumit Singh reported awards of performance-based restricted stock units tied to the company’s Class A common stock. He was credited with 526,284 PRSUs, each representing a contingent right to receive one share, after the Compensation Committee certified achievement of 2025 fiscal-year performance goals.
Singh’s spouse was similarly credited with 47,653 PRSUs. These PRSUs vest on March 1, 2028, subject to continued employment. Additional footnotes describe earlier RSU and PRSU grants to Singh and his spouse, with time- and performance-based vesting schedules extending through 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
13 transactions reported
Mixed
13 txns
Insider
Singh Sumit
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 526,284 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 47,653 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 526,284 shares (Direct);
Class A Common Stock — 47,653 shares (Indirect, By Spouse)
Footnotes (1)
- Represents performance-based restricted stock units ("PRSUs") granted to the filing person. Each PRSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The PRSUs were initially granted on April 8, 2025 and the amount of PRSUs eligible for vesting was subject to certification of the satisfaction of certain performance conditions for the 2025 fiscal year by the Compensation Committee of the Board of Directors. On March 5, 2026, the Compensation Committee of the Board of Directors certified the achievement of the performance conditions for the PRSUs, which vest on March 1, 2028, subject to the filing person's continued employment with Chewy, Inc. through the vesting date. Represents PRSUs granted to the filing person's spouse. Each PRSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The PRSUs were initially granted on April 8, 2025 and the amount of PRSUs eligible for vesting was subject to certification of the satisfaction of certain performance conditions for the 2025 fiscal year by the Compensation Committee of the Board of Directors. On March 5, 2026, the Compensation Committee of the Board of Directors certified the achievement of the performance conditions for the PRSUs, which vest on March 1, 2028, subject to the filing person's spouse's continued employment with Chewy, Inc. through the vesting date. Represents restricted stock units ("RSUs") granted to the filing person on January 18, 2024. Each RSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The RSUs are subject to time-vesting conditions. 50% of these RSUs will vest on August 1, 2026, and the remaining 50% will vest on February 1, 2027, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date. Represents PRSUs granted to the filing person. Each PRSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The PRSUs were initially granted on April 4, 2024 and the amount of PRSUs eligible for vesting was subject to certification of the satisfaction of certain performance conditions for the 2024 fiscal year by the Compensation Committee of the Board of Directors. On March 26, 2025, the Compensation Committee of the Board of Directors certified the achievement of the performance conditions for the PRSUs, which vest on February 1, 2027, subject to the filing person's continued employment with Chewy, Inc. through the vesting date. Represents RSUs granted to the filing person on April 4, 2024. Each RSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The RSUs are subject to time-vesting conditions. 12.5% will vest on May 1, 2026 and on each three-month anniversary thereafter, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date. Represents RSUs granted to the filing person on April 8, 2025. Each RSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The RSUs are subject to time-vesting conditions. 8.33% of these RSUs will vest on June 1, 2026 and on each three-month anniversary thereafter, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date. Represents RSUs granted to the filing person's spouse on April 6, 2023 and June 26, 2023. Each RSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The RSUs are subject to time-vesting conditions. With respect to 7,840 of the RSUs, 50% will vest on August 1, 2026, and the remaining 50% will vest on February 1, 2027, subject to the filing person's spouse continued employment with Chewy, Inc. through the applicable vesting date. With respect to 2,593 of the RSUs, 100% will vest on April 1, 2026, subject to the filing person's spouse's continued employment with Chewy, Inc. through the applicable vesting date. Represents PRSUs granted to the filing person's spouse. Each PRSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The PRSUs were initially granted on April 4, 2024 and August 5, 2024 and the amount of PRSUs eligible for vesting was subject to certification of the satisfaction of certain performance conditions for the 2024 fiscal year by the Compensation Committee of the Board of Directors. On March 26, 2025, the Compensation Committee of the Board of Directors certified the achievement of the performance conditions for the PRSUs, which vest on February 1, 2027, subject to the filing person's spouse's continued employment with Chewy, Inc. through the vesting date. Represents RSUs granted to the filing person's spouse on April 4, 2024. Each RSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The RSUs are subject to time-vesting conditions. 12.5% will vest on May 1, 2026 and on each three-month anniversary thereafter, subject to the filing person's spouse's continued employment with Chewy, Inc. through the applicable vesting date. Represents RSUs granted to the filing person's spouse on April 8, 2025. Each RSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The RSUs are subject to time-vesting conditions. 8.33% of these RSUs will vest on June 1, 2026 and on each three-month anniversary thereafter, subject to the filing person's spouse's continued employment with Chewy, Inc. through the applicable vesting date. Represents RSUs granted to the filing person's spouse on August 5, 2024. Each RSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The RSUs are subject to time-vesting conditions. 12.5% will vest on June 1, 2026 and each three-month anniversary thereafter, subject to the filing person's spouse's continued employment with Chewy, Inc. through the applicable vesting date.
FAQ
What insider transaction did Chewy (CHWY) CEO Sumit Singh report?
Sumit Singh reported receiving performance-based restricted stock units representing 526,284 shares of Chewy Class A common stock. The award followed Compensation Committee certification that 2025 fiscal-year performance conditions were achieved and will vest only if he remains employed through the scheduled vesting date.
How many Chewy (CHWY) PRSUs were granted to Sumit Singh’s spouse?
Singh’s spouse received performance-based restricted stock units representing 47,653 shares of Chewy Class A common stock. These units vest on March 1, 2028, contingent on the spouse’s continued employment with Chewy through that vesting date, as described in the filing footnotes.
When do Sumit Singh’s new Chewy (CHWY) PRSUs vest?
The newly reported performance-based restricted stock units for Sumit Singh vest on March 1, 2028. Vesting requires that he remain employed by Chewy through that date, even though the performance targets for the 2025 fiscal year have already been certified as achieved by the Compensation Committee.
What are PRSUs and RSUs mentioned in the Chewy (CHWY) Form 4?
PRSUs and RSUs are stock-based awards that each represent a contingent right to receive one Chewy Class A share. PRSUs depend on performance and service conditions, while RSUs rely on time-based vesting schedules. The filing details multiple such grants to Sumit Singh and his spouse.
Does the Chewy (CHWY) Form 4 show any insider stock sales?
The Form 4 shows grant or award acquisitions of PRSUs to Sumit Singh and his spouse, not open-market stock sales. Other entries in the filing reflect updated holdings of RSUs and PRSUs, but no transactions coded as sales or dispositions are reported in the provided data.
What future vesting dates are highlighted for Chewy (CHWY) CEO equity awards?
The filing notes a key vesting date of March 1, 2028 for the newly certified PRSU awards to Sumit Singh and his spouse. Footnotes also reference additional RSU and PRSU grants with staggered vesting dates in 2026 and 2027, all conditioned on continued employment.