CENT 10% Owner William E. Brown Distributes 1,000 Shares

What Happened William E. Brown, a reported 10% owner of Central Garden & Pet Co. (CENT), caused one of the family irrevocable trusts to distribute 1,000 shares of Class A common stock to a trust beneficiary on September 24, 2026. The transaction is reported as a disposition (SEC code J) at $0.00 per share (no cash proceeds). This was a trust distribution/transfer — not an open-market sale.

Key Details

• Transaction date: 2026-09-24. Form filed: 2026-09-28 (timely).
• Security: Class A Common Stock — 1,000 shares disposed.
• Reported price/value: $0.00 per share; total reported value $0.
• Transaction code: J (other acquisition or disposition — here a trust distribution).
• Shares owned after the transaction: not specified in the provided filing.
• Footnote: Securities are held directly by various family irrevocable trusts. Brown and his spouse are co-trustees who share investment control; one trust distributed 1,000 shares to a beneficiary. The co-trustees disclaim beneficial ownership of trust-held securities except to the extent of any pecuniary interest.

Context This was a trust distribution to a beneficiary, which typically reflects estate/beneficiary planning rather than an insider expressing a view on the company. For 10% owners and co-trustees, these transfers are often administrative or estate-related and should not be interpreted as routine insider buying/selling activity.