Insider Trends: Insider at Central Garden & Pet Company Acquires Stock Via Conversion of Option/Derivative Security Sells Portion to Pay Tax, Buy Trend Intact
07:18 PM EDT, 05/11/2021 (MT Newswires) -- John D Walker III, President, Garden Consumer Pro, exercised options/derivative securities for 19,500 shares of Central Garden & Pet Company (CENT) and sold 10,196 shares in the company for $559,353 to meet tax obligations on May 10, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 9,304 company shares. After the Form 4 filing with the SEC, Walker owns 107,856 shares of company stock, with a market value, based on the prior-day closing price, of $6.36 million.
During the most recent 90-day period, prior to the date of this filing, there have been 10 insider transactions reported to the SEC for Central Garden & Pet Company. These transactions came from the activities of 4 different insiders that resulted in a net acquisition of 4,809 company shares. This compares with the preceding 90-day window of time where there were 20 transactions from 16 insiders which 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. Within the peer group activity averaged 121.5 transactions per company, and disposition of 186,653 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/887733/000120919121031870/xslF345X03/doc4.xml
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