Central Garden & Pet (CENT) CEO receives stock and option awards
Rhea-AI Filing Summary
Central Garden & Pet Chief Executive Officer and director Nicholas Lahanas reported equity compensation changes. On February 10, 2026, he delivered 7,825 shares of Class A common stock at $33.81 per share to cover withholding taxes on vested restricted stock, leaving 79,080 shares directly held.
On February 11, 2026, he received a grant of 43,750 shares of restricted Class A common stock at $0 per share, increasing his direct holdings to 122,830 shares. The restricted stock is scheduled to vest 25% on February 11, 2028 and February 11, 2029, and 50% on February 11, 2030.
He was also granted a stock option for 67,115 shares of Class A common stock with a $33.49 exercise price. These options vest 25% on February 11, 2028 and February 11, 2029, and 50% on February 11, 2030. In addition, he indirectly held 3,318.686 units in the company’s 401(k) stock fund.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 67,115 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 43,750 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 7,825 | $33.81 | $265K |
| 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 10, 2026. On February 11, 2026, the Issuer granted restricted Class A Common Stock to the Reporting Person which will vest at the rates of 25% on February 11, 2028 and February 11, 2029, and 50% on February 11, 2030. 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. The options shall vest in increments of 25% on February 11, 2028 and February 11, 2029, and 50% on February 11, 2030.