Form 4: Central Garden & Pet Co. Director Brooks Pennington III Reports Acquisition of Shares

Director Brooks Pennington III reports acquiring 3,647 shares of Central Garden & Pet Co. Class A Common Stock on February 12, 2025.

Summary

• On February 12, 2025, Brooks Pennington III, a director of Central Garden & Pet Co., acquired 3,647 shares of Class A Common Stock.
• The acquisition was made at a price of $0 per share.
• Following the transaction, Pennington directly owns 40,327 shares of Class A Common Stock.
• Pennington also has indirect ownership through a 401(k) plan (2,241.088 units), spouse (6,579 Class A shares and 6,938 common shares), Pennington Management Company II, LLC (20,911 Class A shares and 7,604 common shares), and BPCB Timber Company, LLC (43,750 Class A shares).
• Pennington disclaims beneficial ownership of shares owned by his spouse and the LLCs, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports a transaction.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates a director's activity in the company's stock.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as insider buying is often viewed favorably.

Key Dates