Central Garden & Pet chair exercises stock options
Central Garden & Pet Co chairman and 10% owner William E. Brown exercised stock options for 127,942 shares of Class A Common Stock at an exercise price of $31.176 per share.
Rhea-AI Filing Summary
Central Garden & Pet Co chairman and 10% owner William E. Brown exercised stock options for 127,942 shares of Class A Common Stock at an exercise price of $31.176 per share. A substantial portion of the resulting shares (116,232) was delivered or withheld to cover the option exercise price and withholding tax liability at $38.28 per share. Brown also has indirect exposure to 354,159 Class A shares held by family irrevocable trusts, for which he and his spouse share investment control but disclaim beneficial ownership except for their pecuniary interest.
Insider Trade Summary
127,942 shares exercised/converted
Exercise
4 txns
Insider
BROWN WILLIAM E
Role
Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option F3 | 127,942 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 127,942 | $31.176 | $3.99M |
| Exercise Price or Tax Liability | Class A Common Stock F1 | 116,232 | $38.28 | $4.45M |
| holding | Class A Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Stock Option — 0 contracts (Direct);
Class A Common Stock — 949,258 shares (Direct);
Class A Common Stock — 354,159 shares (Indirect, By Irrevocable Trusts)
Footnotes (3)
- F1. Shares withheld by the Issuer in payment of the aggregate option exercise price and withholding tax liability 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 the exercise.
- F2. These securities are owned directly by various family Irrevocable Trusts 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 except to the extent of his and his wife's pecuniary interest therein.
- F3. On August 11, 2020, the Issuer's Compensation Committee granted the reporting person an option to purchase 102,354 (127,942 after stock dividend) shares of Class A Common Stock of the Issuer at an exercise price of $38.97 ($31.176 after stock dividend) per share. The option vests in four equal annual installments beginning August 11, 2021.
Key Figures
Option shares exercised: 127,942 shares
Exercise price per share: $31.176
Shares withheld for exercise price and taxes: 116,232 shares
+5 more
8 metrics
Option shares exercised
127,942 shares
Class A Common Stock acquired via option exercise on 2026-08-10
Exercise price per share
$31.176
Exercise price of stock option after stock dividend adjustment
Shares withheld for exercise price and taxes
116,232 shares
Class A shares delivered or withheld at $38.28 per share
Withholding price per share
$38.28
Average of high and low sales prices on the exercise date
Indirect trust holdings
354,159 shares
Class A shares held by various family irrevocable trusts
Option expiration date
2026-08-11
Expiration date of the stock option that was exercised
Original grant shares
102,354 shares
Original option grant before adjustment for stock dividend
Original exercise price
$38.97
Original exercise price before stock dividend adjustment
Key Terms
Stock Option, withholding tax liability, Irrevocable Trusts, pecuniary interest, +1 more
5 terms
Stock Option financial
"security_title "Stock Option" with an exercise price of $31.176 per share"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
withholding tax liability financial
"payment of the aggregate option exercise price and withholding tax liability incurred"
Irrevocable Trusts financial
"These securities are owned directly by various family Irrevocable Trusts"
pecuniary interest financial
"disclaim beneficial ownership of the reported securities except to the extent of pecuniary interest"
exercise price financial
"option to purchase shares of Class A Common Stock at an exercise price of $38.97 ($31.176 after stock dividend)"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did William E. Brown report in this Form 4 for CENTRAL GARDEN & PET CO (CENT)?
William E. Brown reported exercising stock options for 127,942 shares of Central Garden & Pet Co Class A Common Stock at an exercise price of $31.176 per share, with related share withholding to cover exercise costs and taxes.
What indirect holdings in CENT does Brown report through irrevocable trusts?
Brown reports 354,159 Class A shares of CENT held by various family irrevocable trusts. He and his spouse, as co‑trustees, share investment control but disclaim beneficial ownership except to the extent of their pecuniary interest.
Was Brown’s CENT Form 4 transaction made under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed. There is no disclosed Rule 10b5-1 trading plan governing these transactions, so they are not reported as pre-arranged under such a plan.
What were the original grant terms of Brown’s exercised CENT stock option?
The option was granted on August 11, 2020 for 102,354 shares (adjusted to 127,942 after a stock dividend) at an exercise price of $38.97 (adjusted to $31.176) per share and vested in four equal annual installments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
