Howard Machek - Feb 13, 2024 Form 4 Insider Report for CENTRAL GARDEN & PET CO (CENT)

Role
Chief Accounting Officer
Signature
/s/Filomena Eickstaedt as Attorney-in-Fact for Howard Machek
Stock symbol
CENT
Transactions as of
Feb 13, 2024
Transactions value $
-$212,346
Form type
4
Date filed
2/14/2024, 04:53 PM
Previous filing
Feb 13, 2024
Next filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CENT Class A Common Stock Options Exercise $102K +4.68K +7.39% $21.76 68K Feb 13, 2024 Direct F1
transaction CENT Class A Common Stock Tax liability -$132K -3.58K -5.26% $36.97 64.4K Feb 13, 2024 Direct F2
transaction CENT Class A Common Stock Sale -$182K -5K -7.76% $36.40 59.4K Feb 14, 2024 Direct
holding CENT Units 5.67K Feb 13, 2024 By 401(k) Plan F3
holding CENT Common Stock 1K Feb 13, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CENT Stock Option (Right to Buy) Options Exercise $0 -4.68K -100% $0.00* 0 Feb 13, 2024 Class A Common Stock 4.68K $21.76 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 7, 2023, Company declared a stock dividend, payable to all holders on record of Common Stock and Class A Common Stock as of January 8, 2024, of one share of Class A Common Stock for every four shares of Common Stock and Class A Common Stock outstanding. At the same time, pursuant to anti-dilution provisions , an option for 3745 shares Class A Common Stock on January 8, 2024 became exercisable for 936 shares of Class A Common Stock.
F2 Shares withheld by the Issuer in payment of the aggregate option exercise price and withholding tax liability incurred upon the above-reported exercise of options. The amount of shares withheld is based on the respective average of the high and low sales prices on the date of exercise.
F3 The units represent interests in the CENTA Stock Fund in the Issuer's 401(k) Plan, which consist of shares of CENTA stock and cash.
F4 This option was previously reported as an option for 3745 shares of Class A Common Stock at an exercise price of $27.20 per share, but was adjusted to reflect the stock dividend declared by Company on December 7, 2023. As a result of the stock dividend, the option also entitled the Reporting Person to receive, upon exercise, 936 shares of Class A Common Stock for no additional consideration.
F5 Options were granted on February 13 2019, and all shares are vested and have been exercised.