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 587 shares for tax withholding and ownership of 58,819 shares of Class A Common Stock.
Summary
- On March 29, 2024, Howard Machek, the Chief Accounting Officer of Central Garden & Pet Co., reported a transaction involving the company's stock.
- Machek disposed of 587 shares of Class A Common Stock to cover withholding tax liabilities at a price of $36.43 per share.
- Following the transaction, Machek directly owns 58,819 shares of Class A Common Stock.
- Machek also indirectly owns 5,704 units through the company's 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that the Chief Accounting Officer disposed of shares to cover tax obligations, 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 |
|---|---|
| 03/29/2024 | Date of stock transaction (disposal of shares for tax withholding). |
| 04/01/2024 | Date used to calculate the average of the high and low sales prices of CENTA for withholding tax. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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