Hanson John Edward 4/A
4/A · CENTRAL GARDEN & PET CO · Filed Feb 14, 2024
Insider Transaction Report
Form 4/AAmended
Hanson John Edward
President, Pet Consumer Prod
Transactions
- Exercise/Conversion
Class A Common Stock
2024-02-12$22.80/sh+6,580$150,024→ 52,404 total - Tax Payment
Class A Common Stock
2024-02-12$37.09/sh−5,043$187,045→ 47,361 total - Sale
Class A Common Stock
2024-02-13$37.19/sh+5,321$197,889→ 42,040 total - Exercise/Conversion
Stock Option (Right to Buy)
2024-02-12−6,580→ 3,947 totalExercise: $22.80Exp: 2026-02-10→ Class A Common Stock (6,580 underlying)
Holdings
- 1,916.81(indirect: By 401(k))
Units
Footnotes (6)
- [F1]The purpose of this amendment to the Form 4 filed on February 13, 2024 with the U.S. Securities and Exchange Commission is to correct the source of Reporting Owner's disposal of Class A Common Stock. Class A Common Stock was reported as being withheld on February 10, 2024 as the result of withholding tax liability upon vesting of restricted stock. The transaction was in regard to a stock option exercised on February 12, 2024.
- [F2]On December 7, 2023, Company declared a stock dividend, payable to all holders on record of Common Stock and Class A Common Stock as of January 8, 2024, of one share of Class A Common Stock for every four shares of Common Stock and Class A Common Stock outstanding. At the same time, pursuant to anti-dilution provisions , an option for 5,264 shares Class A Common Stock on January 8, 2024 became exercisable for 10,527 shares of Class A Common Stock.
- [F3]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 exercise.
- [F4]The units represent interests in the CENTA Stock Fund in the Issuer's 401(k) Plan, which consist of shares of CENTA stock and cash.
- [F5]This option was previously reported as an option for 5264 shares of Class A Common Stock at an exercise price of $28.50 per share, but was adjusted to reflect the stock dividend declared by Company on December 7, 2023. As a result of the stock dividend, the option also entitled the Reporting Person to receive, upon exercise, 10527 shares of Class A Common Stock for no additional consideration.
- [F6]Options were granted on February 10, 2020, and all shares are vested and are exercisable.