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CENTRAL GARDEN & PET CO·4

Feb 12, 4:04 PM ET

LAHANAS NICHOLAS 4

Research Summary

AI-generated summary

Updated

CENT CEO Nicholas Lahanas Receives Equity Awards

What Happened
Nicholas Lahanas, CEO of Central Garden & Pet Co. (CENT), received equity awards and completed a small share disposition to cover withholding taxes. On Feb 11, 2026 the company granted 43,750 restricted Class A common shares and 67,115 derivative units/options (total 110,865). On Feb 10, 2026 Lahanas delivered 7,825 shares to satisfy withholding tax obligations from vesting; those shares were recorded as disposed at $33.81 each for a total of $264,563.

Key Details

  • Transaction dates and amounts:
    • Feb 10, 2026 — 7,825 shares delivered/disposed at $33.81 each = $264,563 (transaction code F: tax withholding).
    • Feb 11, 2026 — 43,750 shares granted (restricted Class A Common Stock) at $0.00 (transaction code A).
    • Feb 11, 2026 — 67,115 derivative units/options granted at $0.00 (transaction code A, derivative).
  • Vesting/terms (from footnotes):
    • Restricted shares (43,750) vest 25% on 2/11/2028, 25% on 2/11/2029, and 50% on 2/11/2030 (F2).
    • Options/derivative units vest in the same 25%/25%/50% schedule (F4).
    • F1 notes the 7,825 shares were delivered to pay withholding tax based on the average of the high and low sale prices on Feb 10, 2026.
    • F3 indicates some reported units may represent interests in the company 401(k) stock fund (consist of CENTA shares and cash).
  • Shares owned after the reported transactions: Not specified in the filing.
  • Filing timeliness: Report filed Feb 12, 2026 for transactions on Feb 10–11, 2026 — appears timely (no late-filing flag).

Context

  • The 7,825-share disposition was for tax withholding related to vesting, not an open-market sale signaling a decision to reduce exposure. Such withholdings are routine following vesting of restricted stock.
  • The Feb 11 entries are awards/grants (not purchases). Awards and option grants indicate future potential ownership as they vest; they do not necessarily imply immediate bullish trading by the insider.
  • Transaction codes: F = tax withholding sale, A = grant/award; derivative entries reflect instruments that vest over time.