Summary by Moomoo AI
Satish Mehta, the Chief Technology Officer of Chewy, Inc. (CHWY), was granted 64,931 shares of Class A Common Stock on March 22, 2024. The transaction, which was completed on the same day, was a grant of shares at no cost to the executive. Following this transaction, Mehta's direct holdings in the company increased to a total of 121,749 shares. The grant is part of the company's compensation strategy for its executives and is a common practice in the industry to incentivize performance and align the interests of the management with those of the shareholders.