Form 4: Central Garden & Pet CLO Granted Restricted Stock
Insider Transaction Report
Central Garden & Pet Co.'s Chief Legal Officer, Apur Rohit Patel, was granted 7,813 restricted Class A Common Stock shares.
Summary
- Apur Rohit Patel, Chief Legal Officer of Central Garden & Pet Co. (CENT), was granted 7,813 shares of Class A Common Stock.
- The transaction occurred on February 11, 2026, with a grant price of $0 per share.
- These restricted shares will vest in three tranches: 25% on February 11, 2028, 25% on February 11, 2029, and 50% on February 11, 2030.
- Following this grant, Apur Rohit Patel beneficially owns a total of 24,861 shares of Class A Common Stock.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a moderately positive event for executive retention and alignment of interests, though it is a routine compensation disclosure and not directly impactful on immediate stock price.
Positives
- The grant of restricted stock aligns the Chief Legal Officer's interests with long-term shareholder value through future vesting.
Future Outlook
The grant of restricted stock indicates a long-term incentive structure for the Chief Legal Officer, with full vesting scheduled by February 2030, aligning executive compensation with future company performance.
Industry Context
StockSavvy.ai notes that restricted stock grants are a common form of executive compensation across various industries, including the consumer products and pet care sectors where Central Garden & Pet Co. operates. This practice aims to retain key talent and incentivize long-term performance.
Stakeholder Impact
- Shareholders: The grant represents a form of equity compensation, which can lead to minor dilution over time but is intended to align executive incentives with shareholder value.
- Employees (specifically the Chief Legal Officer): The grant provides a significant long-term incentive and compensation component, enhancing retention.
Next Steps
- The granted restricted shares will vest according to the specified schedule: 25% on February 11, 2028, 25% on February 11, 2029, and 50% on February 11, 2030.
Key Dates
| Date | Description |
|---|---|
| 02/11/2026 | Date of restricted Class A Common Stock grant to Apur Rohit Patel. |
| 02/13/2026 | Date the Form 4 was signed and filed. |
| 02/11/2028 | First vesting date for 25% of the granted restricted stock. |
| 02/11/2029 | Second vesting date for 25% of the granted restricted stock. |
| 02/11/2030 | Third vesting date for 50% of the granted restricted stock. |
Keywords
Central Garden & Pet Co., CENT, Apur Rohit Patel, Chief Legal Officer, Restricted Stock Grant, Insider Transaction, Form 4, Equity Compensation, Stock Vesting
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