Central Garden & Pet (CENT) chairman reports routine tax share withholding
Rhea-AI Filing Summary
Central Garden & Pet Company (CENT) director, chairman, and 10% owner William E. Brown reported routine tax‑related share withholding tied to restricted stock vesting. On February 6, 2026, the issuer withheld 1,882 shares of Class A common stock at $33.60 per share to cover withholding taxes. On February 9, 2026, the issuer withheld another 2,958 shares at $33.92 per share for the same purpose. After these transactions, Brown directly owned 925,525 Class A shares. In addition, 374,258 Class A shares are held by various family irrevocable trusts for the benefit of his children and grandchildren; Brown and his spouse serve as co‑trustees with investment control but disclaim beneficial ownership of those trust‑held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 2,958 | $33.92 | $100K |
| Tax Withholding | Class A Common Stock | 1,882 | $33.60 | $63K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Shares withheld by the Issuer in payment of the withholding tax liability incurred upon the vesting of restricted stock. The amount of shares withheld is based on the average of the high and low sales prices on February 6, 2026. Shares withheld by the Issuer in payment of the withholding tax liability incurred upon the vesting of restricted stock. The amount of shares withheld is based on the average of the high and low sales prices on February 9, 2026. These securities are owned directly by various family Irrevocable Trusts for the benefit of the Reporting Person's children and grandchildren and indirectly by the Reporting Person and his spouse as co-trustees of the Irrevocable Trusts. The Reporting Person and his spouse, as co-trustees, have and share investment control over the securities held in each of the Irrevocable Trusts but disclaim beneficial ownership of the reported securities held by the Irrevocable Trusts.
FAQ
What did William E. Brown report in this Form 4 for CENTRAL GARDEN & PET (CENT)?
William E. Brown reported tax-related share withholding by Central Garden & Pet tied to vested restricted stock. The issuer withheld shares on two February 2026 dates to pay withholding taxes, a common administrative transaction rather than an open-market sale.
Were the reported CENT transactions open-market sales by William E. Brown?
No, the transactions were shares withheld by the issuer to pay withholding taxes on vested restricted stock. The filing states the shares were retained by Central Garden & Pet based on average market prices on the transaction dates.