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.
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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.
How many CENT Class A shares were withheld for taxes in February 2026?
The issuer withheld 1,882 Class A shares on February 6, 2026 at $33.60 and 2,958 shares on February 9, 2026 at $33.92. These withholdings covered tax liabilities from restricted stock vesting for William E. Brown.
How many CENTRAL GARDEN & PET (CENT) shares does William E. Brown own after the reported transactions?
After the reported withholding transactions, William E. Brown directly owned 925,525 Class A common shares of Central Garden & Pet. This figure reflects his direct holdings following the February 2026 tax-withholding events.
What CENT shares are held through irrevocable trusts related to William E. Brown?
Irrevocable family trusts hold 374,258 Class A shares of Central Garden & Pet for the benefit of William E. Brown’s children and grandchildren. Brown and his spouse are co‑trustees with investment control but disclaim beneficial ownership of these trust-held shares.
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.
How were the CENT withholding share prices determined on the Form 4?
The withholding prices were based on the average of the high and low sales prices of Central Garden & Pet Class A common stock on February 6, 2026 and February 9, 2026, as described in the footnotes.