Central Garden & Pet (CENTA) Officer Files Form 3 Reporting Shares and Options
Rhea-AI Filing Summary
George Yuhas, General Counsel of Central Garden & Pet Company (CENTA), filed an initial Form 3 reporting beneficial ownership. He directly owns 5,895 shares of Class A common stock and indirectly holds 5,886.93 units through the company's 401(k) CENTA Stock Fund. He also holds two vested, exercisable stock options: 20,833 shares exercisable at $22.80 (granted 02/10/2020) and 6,743 shares exercisable at $35.216 (granted 02/09/2021).
Positive
- Timely initial disclosure of beneficial ownership by an officer, improving transparency
- All reported stock options are vested and exercisable, with grant dates and exercise prices disclosed
Negative
- None.
Insights
TL;DR: Routine insider disclosure showing modest direct holdings plus vested options; no new material transactions disclosed.
The Form 3 reports initial beneficial ownership for an officer with a small direct stake (5,895 shares) and an indirect interest via the company 401(k) plan (5,886.93 units). The two stock option grants are fully vested and exercisable, indicating potential future share purchases at fixed exercise prices. This filing is procedural and provides transparency but contains no transactions that would materially affect company capitalization.
TL;DR: Proper Section 16 disclosure of officer holdings and vested options; supports compliance and insider transparency.
The disclosure identifies role (General Counsel) and reports both direct and indirect holdings, plus vested options with grant dates and exercise prices. The inclusion of 401(k) fund units clarifies indirect ownership. Filing appears complete for an initial Form 3 and aligns with reporting obligations under Section 16.