Form 4: Central Garden & Pet Co: Officer Hanson Reports Stock Disposal for Tax Obligations

John Edward Hanson, President of Pet Consumer Products at Central Garden & Pet Co, reported disposing of 1,206 shares of Class A Common Stock to cover withholding tax liabilities upon vesting of restricted stock.

Summary

• On February 9, 2025, John Edward Hanson, President of Pet Consumer Products at Central Garden & Pet Co, disposed of 1,206 shares of Class A Common Stock.
• The disposal was to cover withholding tax liabilities upon the vesting of restricted stock.
• The shares were disposed of at a price of $32.79 per share.
• Following the transaction, Hanson directly owns 23,546.5 shares of Class A Common Stock.
• Hanson also indirectly owns 2,282.69 units through the company's 401(k) plan, representing interests in the CENTA Stock Fund.

Sentiment

Score: 5

Explanation: This is a neutral filing related to routine stock transactions for tax purposes. It doesn't indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine Form 4 filing, reflecting insider transactions related to stock-based compensation. Such filings are common and provide transparency into the trading activities of company executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes and does not reflect a change in the executive's overall confidence in the company.

Key Dates

Keywords

Form 4, CENT, Central Garden & Pet Co, John Edward Hanson, Stock Disposal, Beneficial Ownership, Insider Trading, Tax Withholding