Central Garden & Pet (NASDAQ: CENT) chair reports bona fide gift of Class A shares
Rhea-AI Filing Summary
Central Garden & Pet Company director and chairman William E. Brown reported a bona fide gift of 2,040 shares of Class A Common Stock. The gift was recorded at a price of $0.00 per share and is classified as a disposition for reporting purposes.
After the gift, Brown holds 937,548 Class A shares directly. An additional 374,258 Class A shares are held indirectly by various family Irrevocable Trusts, where Brown and his spouse serve as co‑trustees with shared investment control and disclaim beneficial ownership except to the extent of their pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Filing shows a small, routine gift of shares with large holdings retained.
The filing reports that chairman and director William E. Brown made a bona fide gift of 2,040 shares of Class A Common Stock at a stated price of $0.00 per share. Gift transactions (code G) are non-market dispositions and generally carry limited signaling value compared with open‑market buys or sells.
Following this gift, Brown still directly owns 937,548 Class A shares. There are also 374,258 Class A shares held by family Irrevocable Trusts, where Brown and his spouse are co‑trustees with shared investment control but disclaim beneficial ownership except for their pecuniary interest. The absence of derivative positions in this filing suggests the report focuses on equity holdings rather than option exercises.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 2,040 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
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FAQ
What insider transaction did CENTRAL GARDEN & PET CO (CENT) report?
Does the CENT Form 4 show any option exercises or derivative transactions?
What is the overall net buy or sell activity in this CENT insider filing?