Form 4: Central Garden & Pet Co. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
John Edward Hanson, President of Pet Consumer Products at Central Garden & Pet Co., disposed of shares to cover withholding tax liabilities upon the vesting of restricted stock.
Summary
- On August 4, 2024, John Edward Hanson, President of Pet Consumer Products at Central Garden & Pet Co., disposed of 3,629 shares of Class A Common Stock to cover withholding tax liabilities.
- The shares were sold at a price of $32.28 per share.
- Following the transaction, Hanson directly owns 29,278.5 shares of Class A Common Stock.
- Hanson also indirectly owns 2,282.69 units through the CENTA Stock Fund in the Issuer's 401(k) Plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects a routine transaction for tax purposes.
Industry Context
This is a routine Form 4 filing, indicating an insider transaction. It is common for executives to sell shares to cover tax obligations related to vesting equity.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/04/2024 | Date of transaction: John Edward Hanson disposed of shares to cover tax obligations. |
| 08/06/2024 | Date of signature on the Form 4 filing. |
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