Form 4: Central Garden & Pet Co. CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Bradley G. Smith, CFO of Central Garden & Pet Co., disposed of shares to cover withholding tax liabilities upon the vesting of restricted stock.
Summary
- On February 12, 2025, Bradley G. Smith, the Chief Financial Officer of Central Garden & Pet Co., disposed of 321 shares of Class A Common Stock.
- The transaction was executed to cover withholding tax liabilities upon the vesting of restricted stock.
- The shares were sold at a price of $32.79 per share.
- Following the transaction, Smith directly owns 6,727 shares and indirectly owns 26.79 units through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of insider transactions. This transaction appears to be a standard sale to cover tax obligations.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/09/2025 | Date of Earliest Transaction |
| 02/11/2025 | Signature Date |
| 02/12/2025 | Transaction Date |
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