Form 4: Central Garden & Pet Co. Executive Smith Sells Shares to Cover Tax Obligations

Bradley G. Smith, Chief Financial Officer of Central Garden & Pet Co., disposed of 435 shares of Class A Common Stock to cover withholding tax liabilities upon vesting of restricted stock.

Summary

• On May 18, 2025, Bradley G. Smith, the Chief Financial Officer of Central Garden & Pet Co., disposed of 435 shares of Class A Common Stock.
• The transaction was executed to cover the withholding tax liability upon the vesting of restricted stock.
• The shares were sold at a price of $31.94 per share.
• Following the transaction, Smith directly owns 10,009 shares of Class A Common Stock.
• Smith also indirectly owns 318.75 units through the company's 401(k) plan.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations, with no indication of positive or negative sentiment towards the company's prospects.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of insider transactions. This transaction appears to be a standard sale of shares to cover tax obligations, which is a common practice among corporate executives.

Key Dates

Keywords

Form 4, Central Garden & Pet Co, CENT, Bradley G. Smith, CFO, share disposal, insider trading, stock, tax liability, 401(k)