CENTRAL GARDEN & PET CO·4

May 19, 4:17 PM ET

LAHANAS NICHOLAS 4

Research Summary

AI-generated summary

Updated

CENT CEO Nicholas Lahanas Withholds 480 Shares for Taxes

What Happened

  • Nicholas Lahanas, CEO of Central Garden & Pet Co. (CENT), delivered 480 shares of CENT to satisfy withholding tax liability tied to the vesting of restricted stock. The shares are reported as disposed at an average price of $34.19, totaling approximately $16,411.
  • This was a tax-withholding transaction (code F), not an open-market sale or purchase—routine administration following an award vesting.

Key Details

  • Transaction date: 2026-05-16; Filing date: 2026-05-19 (timely filing).
  • Price reported: $34.19 per share; Total value: ~$16,411.
  • Shares involved: 480 shares withheld/returned to issuer to cover tax withholding.
  • Shares owned after transaction: Not specified in the provided filing details.
  • Footnote F1: Shares were delivered to pay withholding tax on vested restricted stock; withholding amount based on the average of CENTA high/low prices on May 15 and May 18, 2026.
  • Footnote F2: Separately notes that some units referenced in the filing represent interests in the issuer's 401(k) CENTA Stock Fund (shares + cash) — not directly changing the nature of this tax-withholding event.
  • Transaction code meaning: F = shares surrendered/withheld to cover tax withholding on vested awards.

Context

  • Withholding-share transactions are administrative and common after restricted stock vests; they generally do not reflect a deliberate buy/sell decision about the company’s outlook.
  • For investors, these events are routine and usually less informative than open-market purchases or sales by insiders.