Central Garden & Pet Chairman Sells Shares Indirectly Through Trusts
William E. Brown, Chairman of Central Garden & Pet (NASDAQ: CENT), sold 3,900 shares of Class A Common Stock on August 13, 2026, for a total value of $152,100 through an open-market transaction. The sale was conducted via Irrevocable Trusts in which Brown and his spouse serve as co-trustees but disclaim direct beneficial ownership beyond their pecuniary interest. The shares sold represented 1% of the indirect holdings within these trusts, while Brown's direct ownership remained unaffected at approximately 949,258 shares. The transaction did not significantly alter his overall equity exposure in the company. At the time of sale, Central Garden & Pet’s stock closed at $39 per share; by August 14, it had risen to $43.73. The company operates as a market leader in U.S. pet and garden products with two primary segments—Pet and Garden—and reported annual revenue of approximately $3.1 billion for the trailing twelve months (TTM). The stock has delivered a 20% total return over the past year, indicating positive performance despite being classified under defensive consumer staples.
Tickers: $CENT