Form 4: Central Garden & Pet Co: General Counsel Joyce McCarthy Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Joyce McCarthy, General Counsel of Central Garden & Pet Co, reported disposing of 536 shares of Class A Common Stock to cover withholding tax liabilities upon vesting of restricted stock.
Summary
- On May 18, 2024, Joyce M. McCarthy, General Counsel of Central Garden & Pet Co, disposed of 536 shares of Class A Common Stock.
- The transaction was to cover withholding tax liability upon the vesting of restricted stock.
- The price per share was $39.68.
- Following the transaction, McCarthy directly owns 11,552 shares of Class A Common Stock.
- McCarthy also indirectly owns 952 units through the company's 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral filing related to insider trading activity for tax purposes, with no inherent positive or negative implications for the company's overall performance.
Industry Context
This is a routine Form 4 filing, indicating a transaction by a company insider. These filings are common and provide transparency into the trading activities of company executives and directors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/18/2024 | Date of stock disposal transaction |
| 05/21/2024 | Date of signature on the report |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.