Central Garden & Pet director exercises stock options
The issuer withheld 3,965 shares and 1,604 shares to pay the aggregate option exercise price.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Central Garden & Pet Co. (CENT) director Brendan Dougher exercised options on November 5, 2026, for 4,680 Class A shares at $35.2160 per share and 1,988 shares at $33.5360 per share. The issuer withheld 3,965 shares and 1,604 shares to pay the aggregate option exercise price. No Rule 10b5-1 plan is reported. The Brigham-Dougher Family Trust held 16,429 Class A shares on November 5, 2026; Dougher disclaimed beneficial ownership except to the extent of his pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F5 | 4,680 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F6 | 1,988 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 4,680 | $35.216 | $165K |
| Exercise Price Payment | Class A Common Stock F2 | 3,965 | $41.57 | $165K |
| Exercise | Class A Common Stock F3 | 1,988 | $33.536 | $67K |
| Exercise Price Payment | Class A Common Stock F2 | 1,604 | $41.57 | $67K |
| Holding | Class A Common Stock F4 | -- | -- | -- |
Footnotes (6)
- 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 4,544 shares Class A Common Stock on January 8, 2024 became exercisable for 5,680 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 4,771 shares Class A Common Stock on January 8, 2024 became exercisable for 5,963 shares of Class A Common Stock.
- F4. Mr. Dougher disclaims beneficial ownership of the shares of the Company's Common Stock and Class A Common Stock owned by the Brigham-Dougher Family Trust dated 03/08/2022 except to the extent of his pecuniary interest therein.
- F5. Options were granted on February 9, 2021, and all shares are vested and have been exercised.
- F6. Options were granted on February 8, 2022, and all shares are vested and have been exercised.
Key Figures
Key Terms
aggregate option exercise price financial
anti-dilution provisions technical
vested financial
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