Form 4: Central Garden & Pet Co. Officer Disposes of Shares for Tax Obligations

Howard Machek, Chief Accounting Officer of Central Garden & Pet Co., disposed of shares to cover withholding tax liabilities upon vesting of restricted stock.

Summary

• On February 6, 2025, Howard Machek, the Chief Accounting Officer of Central Garden & Pet Co., disposed of 672 shares of Class A Common Stock to cover withholding tax liabilities.
• The shares were disposed of at a price of $34.04 per share.
• Following the transaction, Machek directly owns 46,879 shares of Class A Common Stock and indirectly owns 6,221 units through the company's 401(k) plan.
• The units in the 401(k) plan represent interests in the CENTA Stock Fund, which consists of shares of CENTA stock and cash.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a common transaction (disposal of shares for tax purposes). It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential sentiment.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it represents a small percentage of the total outstanding shares.

Key Dates