Machek Howard 4
Research Summary
AI-generated summary
CENT (CENT) Chief Accounting Officer Machek Howard Receives Award
What Happened
Machek Howard, Chief Accounting Officer of Central Garden & Pet Co. (CENT), received a grant of 6,250 restricted Class A common shares on February 11, 2026. The filing reports an acquisition at $0.00 (a compensation award), so no cash was paid for the shares in this transaction.
Key Details
- Transaction date: February 11, 2026; filing date: February 12, 2026 (filed next day; timely under Form 4 rules).
- Transaction type/code: Award/Grant (A).
- Shares granted: 6,250 restricted Class A shares; reported price $0.00 (award, not a market purchase).
- Vesting: 25% on Feb 11, 2028; 25% on Feb 11, 2029; 50% on Feb 11, 2030 (per footnote).
- Shares owned after transaction: Not specified in the filing.
- Additional note: Footnote also states units in the CENTA Stock Fund in the company 401(k) plan consist of CENTA shares and cash (informational; does not alter this grant).
Context
This is an equity compensation grant (restricted stock) commonly used for retention and alignment with shareholders. It is not a buy or sell in the open market and does not by itself indicate the insider is buying or selling shares for investment purposes.