CENT director exercises options, gets stock award
Central Garden & Pet director Mary Beth Springer reported several equity transactions in Class A Common Stock on February 11, 2026.
Rhea-AI Filing Summary
Central Garden & Pet director Mary Beth Springer reported several equity transactions in Class A Common Stock on February 11, 2026. She exercised a stock option covering 8,803 shares at an exercise price of $22.72 per share, converting a previously granted option into common shares.
To cover the option exercise price or related tax obligations, 5,948 shares of Class A Common Stock were withheld by the company at a reference price of $33.63 per share. She also received a restricted stock award of 3,584 shares at no cost under the company’s Nonemployee Director Equity Incentive Plan, ending with direct ownership of 26,631 Class A shares after these transactions.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 8,803 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 8,803 | $22.72 | $200K |
| Exercise Price or Tax Liability | Class A Common Stock | 5,948 | $33.63 | $200K |
| Grant/Award | Class A Common Stock | 3,584 | $0.00 | $0.00 |
Footnotes (5)
- 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 7,043 shares Class A Common Stock on January 8, 2024 became exercisable for 8,803 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. Restricted stock award granted under the Company's Nonemployee Director Equity Incentive Plan, as amended.
- F4. This option was previously reported as an option for 7,043 shares of Class A Common Stock at an exercise price of $28.40 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, 1,760 shares of Class A Common Stock for no additional consideration.
- F5. Options were granted on February 11, 2020, and all shares are vested and have been exercised.
FAQ
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