Central Garden & Pet (CENTA) Director Reports 10b5-1 Sale and Holdings
Rhea-AI Filing Summary
Brooks Pennington III, a director of Central Garden & Pet Co. (CENTA), reported dispositions of company stock in a Form 4 filing. The filing shows a 08/13/2025 disposal of 442 shares of Common Stock at $0 (code G) and a 08/14/2025 sale of 3,281 shares of Class A Common Stock under a Rule 10b5-1 sales plan at an average reported price of $32.822, with the price range for those sales reported as $33.20 to $32.60. After the reported transactions, the filing reports 130,956 shares of Common Stock beneficially owned directly and 37,046 shares of Class A Common Stock held directly, plus additional indirect holdings through spouse, LLCs, and a 401(k) stock fund as disclosed in the filing. The filer disclaims beneficial ownership of certain shares owned by spouse and entities except to the extent of pecuniary interest.
Positive
- Sale executed under Rule 10b5-1 plan which indicates pre-arranged trading and mitigates concerns about opportunistic timing
- Complete disclosure of direct and indirect holdings, including spouse, LLCs, and 401(k) fund interests
Negative
- None.
Insights
TL;DR: Routine insider dispositions under a 10b5-1 plan, properly disclosed; no new governance concerns disclosed.
The Form 4 shows a director-initiated sale made pursuant to a Rule 10b5-1(c) plan and a separate gift/disposition coded as G. The filing includes required detail on direct and indirect holdings and disclaimers of beneficial ownership for spouse and related entities. From a governance perspective, the presence of a 10b5-1 plan signals pre-arranged trading and reduces concerns about opportunistic timing; the filing complies with Section 16 reporting conventions based on the included signatures and explanations.
TL;DR: Insider sold a modest number of shares; disclosed post-transaction holdings remain sizable.
The director sold 3,281 Class A shares at a reported average price of $32.822 under an established 10b5-1 plan and disposed of 442 Common Stock shares at $0 (code G). Reported direct beneficial ownership after the transactions is 130,956 Common shares and 37,046 Class A shares, with additional indirect interests via spouse, two LLCs, and a 401(k) fund. These figures are stated precisely in the filing and provide transparent disclosure of the insider's economic exposure.