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

Role
Chief Accounting Officer
Signature
/s/Howard Machek
Issuer symbol
CENT
Transactions as of
13 May 2024
Net transactions value
-$467,916
Form type
4
Filing time
15 May 2024, 16:20:02 UTC
Previous filing
02 Apr 2024
Next filing
16 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CENT Class A Common Stock Options Exercise $228,000 +10,000 +17% $22.80 68,819 13 May 2024 Direct F1
transaction CENT Class A Common Stock Tax liability $295,416 -7,345 -11% $40.22 61,474 13 May 2024 Direct F2
transaction CENT Class A Common Stock Sale $400,500 -10,000 -16% $40.05 51,474 14 May 2024 Direct
holding CENT Common Stock 1,000 13 May 2024 Direct
holding CENT Units 6,005 13 May 2024 By 401(k) Plan F3

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 -10,000 -70% $0.000000 4,255 13 May 2024 Class A Common Stock 10,000 $22.80 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 11404 shares Class A Common Stock on January 8, 2024 became exercisable for 14255 shares of Class A Common Stock.
F2 Shares withheld by the Issuer in payment of the aggregate option exercise price 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 11404 shares of Class A Common Stock at an exercise price of $28.50 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, 2851 shares of Class A Common Stock for no additional consideration.
F5 Options were granted on February 10, 2020, and all shares are vested and are exercisable.