Form 4: Central Garden & Pet Co: CFO Bradley Smith Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Chief Financial Officer Bradley Smith of Central Garden & Pet Co. reports disposing of shares to cover withholding tax liabilities upon vesting of restricted stock.
Summary
- On February 6, 2025, Bradley G. Smith, the Chief Financial Officer of Central Garden & Pet Co., disposed of 237 shares of Class A Common Stock to cover withholding tax liabilities.
- The shares were disposed of at a price of $34.04 per share.
- Following the transaction, Smith directly owns 7,048 shares of Class A Common Stock.
- Smith also indirectly owns 26.79 units through the company's 401(k) plan, representing interests in the CENTA Stock Fund.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to tax obligations, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard transaction related to tax obligations upon vesting of restricted stock, which is a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/06/2025 | Date of stock disposal transaction. |
| 02/10/2025 | Date of signature on the Form 4 filing. |
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