Central Garden & Pet (CENT) CEO logs 1,357-share tax withholding in Form 4 filing
Rhea-AI Filing Summary
Central Garden & Pet’s Chief Executive Officer and director Nicholas Lahanas reported a tax-related share withholding under the company’s equity plan. On February 6, 2026, he delivered 1,357 shares of Class A Common Stock at $33.60 per share to cover withholding taxes upon the vesting of restricted stock, rather than executing an open-market sale. Following this transaction, he beneficially owned 86,905 Class A shares directly and 3,318.686 units indirectly through the issuer’s 401(k) plan, where the units represent interests in a stock fund holding CENTA shares and cash.
Positive
- None.
Negative
- None.
Insights
Routine tax withholding on equity vesting; no discretionary insider sale disclosed.
The filing shows Nicholas Lahanas, CEO and director of Central Garden & Pet, delivering 1,357 Class A shares at $33.6 per share. The code F and footnote explain these shares were withheld to pay taxes on vested restricted stock, a standard administrative event.
Because this is share withholding tied to compensation, it does not indicate a discretionary decision to sell shares in the open market. After the transaction, he held 86,905 Class A shares directly and 3,318.686 units in the 401(k) stock fund, so his overall exposure to the stock remains significant.
Subsequent company filings may provide additional context on future equity awards or changes in beneficial ownership, but this specific event appears routine within ongoing equity compensation and tax withholding practices.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 1,357 | $33.60 | $46K |
| holding | Units | -- | -- | -- |
Footnotes (1)
- Shares delivered by Reporting Person in payment of the withholding tax liability upon vesting of restricted stock. The amount of shares withheld is based on the average of the high and low of the sales prices of CENTA on February 6, 2026. The units represent interests in the CENTA Stock Fund in the Issuer's 401(k) Plan, which consist of shares of CENTA stock and cash.