Brendan Dougher - May 29, 2024 Form 4 Insider Report for CENTRAL GARDEN & PET CO (CENT)

Role: Director
Signature: /s/Filomena Eickstaedt as Attorney-in-Fact for Brendan Dougher
Stock symbol: CENT
Transactions as of: May 29, 2024
Transactions value $: -$31
Form type: 4
Date filed: 5/30/2024, 04:09 PM
Previous filing: Feb 14, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CENT	Class A Common Stock	Options Exercise	$74.9K	+2.52K	+22.33%	$29.71	13.8K	May 29, 2024	Direct	F1
transaction	CENT	Class A Common Stock	Tax liability	-$74.9K	-1.95K	-14.11%	$38.45	11.9K	May 29, 2024	Direct	F2
transaction	CENT	Class A Common Stock	Options Exercise	$35.2K	+1K	+8.43%	$35.22	12.9K	May 29, 2024	Direct	F3
transaction	CENT	Class A Common Stock	Tax liability	-$35.2K	-916	-7.13%	$38.45	11.9K	May 29, 2024	Direct	F2
transaction	CENT	Class A Common Stock	Options Exercise	$133K	+3.98K	+33.29%	$33.54	15.9K	May 29, 2024	Direct	F4
transaction	CENT	Class A Common Stock	Tax liability	-$133K	-3.47K	-21.78%	$38.45	12.4K	May 29, 2024	Direct	F2

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	-2.52K	-100%	$0.00^*	0	May 29, 2024	Class A Common Stock	2.52K	$29.71	Direct	F5, F6
transaction	CENT	Stock Option (Right to Buy)	Options Exercise	$0	-1K	-17.61%	$0.00	4.68K	May 29, 2024	Class A Common Stock	1K	$35.22	Direct	F7, F8
transaction	CENT	Stock Option (Right to Buy)	Options Exercise	$0	-3.98K	-66.66%	$0.00	1.99K	May 29, 2024	Class A Common Stock	3.98K	$33.54	Direct	F9, F10

* 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 2016 shares Class A Common Stock on January 8, 2024 became exercisable for 2520 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	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 4544 shares Class A Common Stock on January 8, 2024 became exercisable for 5680 shares of Class A Common Stock.
F4	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 4771 shares Class A Common Stock on January 8, 2024 became exercisable for 5963 shares of Class A Common Stock.
F5	This option was previously reported as an option for 2016 shares of Class A Common Stock at an exercise price of $37.14 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, 504 shares of Class A Common Stock for no additional consideration.
F6	Options were granted on October 7, 2020, and all shares are vested and have been exercised.
F7	This option was previously reported as an option for 4544 shares of Class A Common Stock at an exercise price of $44.02 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, 1136 shares of Class A Common Stock for no additional consideration.
F8	Options were granted on February 9, 2021, and all shares are vested and are exercisable.
F9	This option was previously reported as an option for 4771 shares of Class A Common Stock at an exercise price of $41.92 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, 1192 shares of Class A Common Stock for no additional consideration.
F10	One-third of the total options granted will become exercisable at each of 6 months, 18 months and 30 months after February 8, 2022, the date of the grant.