Form 4: Central Garden & Pet Co. Executive Howard Machek Reports Stock Transactions
SEC Form 4 Filing
Howard Machek, Chief Accounting Officer of Central Garden & Pet Co., reports the disposition of shares for tax withholding and acquisition of shares through a 401(k) plan.
Summary
- On July 13, 2024, Howard Machek, the Chief Accounting Officer of Central Garden & Pet Co., reported transactions involving the company's stock.
- Machek disposed of 3,923 shares of Class A Common Stock to cover withholding tax liabilities at a price of $32.91 per share.
- Following this transaction, Machek directly owns 47,551 shares.
- Machek also indirectly owns 6,157 units through the company's 401(k) plan, which includes shares of CENTA stock and cash.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock transactions related to tax obligations and 401(k) plan participation, which are common occurrences.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for investors to gauge management's perspective on the company's stock.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 07/13/2024 | Date of stock transaction (disposal of shares for tax withholding). |
| 07/16/2024 | Date of signature for the report. |
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