PetMed adds 500,000 shares to inducement plan for new CEO Willard's equity awards

PETMED EXPRESS INC

Board approved an amendment to the 2024 Inducement Incentive Plan on September 27, 2026, raising shares reserved by 500,000 to an aggregate 850,000 shares.
The 500,000-share increase equals the 250,000 restricted shares plus 250,000 performance share units the company agreed to grant new CEO Jeffrey Allen Willard.
Willard's start date as Chief Executive Officer is September 28, 2026, per the employment agreement disclosed in the company's September 17, 2026 Form 8-K.
No other changes were made to the plan; awards may only go to individuals not previously employees or directors, per the Nasdaq inducement award exception.
Amended and restated plan permits restricted stock, RSUs, performance stock units, non-statutory options and stock appreciation rights.

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