Form 4: Central Garden & Pet Co. Director Brooks Pennington III Reports Stock Gift

Director Brooks Pennington III reported gifting 2,200 shares of Central Garden & Pet Co. Class A Common Stock on February 24, 2025.

Summary

• On February 24, 2025, Brooks Pennington III, a director of Central Garden & Pet Co., reported a transaction involving the gifting of 2,200 shares of Class A Common Stock.
• The shares were disposed of at a price of $37.61.
• Following the transaction, Pennington directly owns 40,327 shares of Class A Common Stock.
• Pennington also has indirect ownership through his spouse, Pennington Management Company II, LLC, BPCB Timber Company, LLC, and the Issuer's 401(k) Plan.
• He 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 detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership by a director.

Key Dates