Form 4: Central Garden & Pet Director Exercises Stock Options, Sells Shares to Cover Costs

Mary Beth Springer, a director at Central Garden & Pet Co, exercised stock options and sold a portion of the acquired shares to cover the exercise costs.

Summary

• On February 10, 2025, Mary Beth Springer, a director of Central Garden & Pet Co, exercised stock options to acquire 8,967 shares of Class A Common Stock at a price of $22.304 per share.
• Springer then sold 6,100 shares to cover the cost of exercising the options.
• Following these transactions, Springer directly owns 16,545 shares of Class A Common Stock.
• The stock option was previously reported as an option for 7,174 shares at $27.88 per share but was adjusted due to a stock dividend declared on December 7, 2023.
• The options were granted on February 19, 2019, and all shares are vested.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock option exercises and sales. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This is a routine Form 4 filing, disclosing insider transactions. Such filings are common and provide transparency into the trading activities of company insiders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the exercise of existing options and a small sale of shares.

Key Dates

Keywords

Form 4, stock options, Central Garden & Pet, director, insider trading, Class A Common Stock, stock dividend, exercise