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Insider Trends: Central Garden & Pet Company Insider Exercises Option/Derivative Security to Acquire Stock Sells Portion to Pay Tax, Buy Trend Intact

05/11/2021 13:36

05:33 PM EDT, 05/11/2021 (MT Newswires) -- John Edward Hanson, SVP, exercised options/derivative securities for 17,067 shares of Central Garden & Pet Company (CENT) and sold 5,875 shares in the company for $315,018 to meet tax obligations on May 07, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 11,192 company shares. Hanson, after the transactions designated in the SEC Form 4 filing, owns 56,302 shares of company stock, which have a market value of $3.32 million as of the prior-day closing price. In addition the company has granted Hanson stock options of which 41,640 are currently in the money and have an approximate value of $1,421,118 as of yesterday's closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 7 insider transactions reported to the SEC for Central Garden & Pet Company. These transactions came from the activities of 3 different insiders that resulted in a net acquisition of 5,482 company shares. In the preceding 90-day window of time, there were 20 transactions from 16 insiders and resulted in the net acquisition of 69,544 shares.

This level of transactions is below that of the peer group average in the 45-company Food Processing peer group over the last 90-day period. Peer group activity averaged 121.3 transactions per company, and disposition of 186,652 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/887733/000120919121031778/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.