LAHANAS NICHOLAS 4
Research Summary
AI-generated summary
Central Garden & Pet (CENT) CEO Nicholas Lahanas Withholds 1,357 Shares
What Happened
Nicholas Lahanas, CEO of Central Garden & Pet, delivered (disposed) 1,357 shares on Feb 6, 2026 to satisfy the withholding tax liability from vested restricted stock. The shares were valued at $33.60 each for a total of $45,595. This was a tax-withholding disposition (code F) tied to vesting, not an open-market sale.
Key Details
- Transaction date and price: 2026-02-06 at $33.60 per share.
- Shares withheld/disposed: 1,357; total value reported $45,595.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — shares were delivered to pay withholding tax; the withheld amount was based on the average of the high and low sales prices of CENT on Feb 6, 2026. F2 — describes CENTA Stock Fund units in the company 401(k) (shares + cash) and is informational about holdings.
- Filing timeliness: Report filed 2026-02-09 for a 2026-02-06 transaction; this filing appears timely (within the typical two business-day Form 4 window).
Context
Withholding shares to cover taxes on vested restricted stock is a common, routine administrative action and does not necessarily indicate a change in the insider's view of the company. Code F (tax withholding) differs from an open-market sale (code S); no cash-market sale was reported here.