PENNINGTON BROOKS III 4
Research Summary
AI-generated summary
CENT Director Brooks Pennington III Gifts 2,050 Shares
What Happened
- Brooks Pennington III, a director of Central Garden & Pet Co. (CENT), reported a gift (Disposition code G) of 2,050 shares on February 13, 2026. The shares were reported as disposed via gift with a reported value of $0. The Form 4 was filed on February 17, 2026.
Key Details
- Transaction date: 2026-02-13; Filing date: 2026-02-17.
- Transaction type: Gift (G); shares transferred: 2,050; reported price/value: $0.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes of note:
- F1: Mr. Pennington disclaims beneficial ownership of certain shares owned by his spouse (6,579 Class A and 6,938 Common).
- F2–F3: Certain holdings reported through Pennington Management Company II, LLC and BPCB Timber Company, LLC; Mr. Pennington disclaims beneficial ownership except for any pecuniary interest.
- F4: Some units relate to CENTA Stock Fund interests in the issuer’s 401(k) plan (mix of stock and cash).
- Timeliness: Filing appears timely (reported four calendar days after the transfer); timing is consistent with Form 4 reporting requirements given the Feb 16 federal holiday.
Context
- Gifts are dispositions and do not necessarily reflect the insider’s view on the company’s stock price—unlike purchases, they are often for personal, estate-planning, or charitable reasons.
- The footnotes indicate some shares are owned by spouse or entities, and Mr. Pennington disclaims beneficial ownership of those holdings except to the extent of any pecuniary interest.