CENT (CENT) CEO uses 480 vested shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Central Garden & Pet Co CEO Nicholas Lahanas reported routine share activity related to compensation and retirement holdings. On a Form 4, he delivered 480 shares of Class A Common Stock at $34.19 per share to cover withholding tax due upon vesting of restricted stock, a non-market, tax-withholding disposition. After this transaction, he directly holds 122,350 Class A shares. He also indirectly holds 3,318.686 units in the issuer’s 401(k) plan, representing interests in a CENTA stock fund made up of company stock and cash.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
LAHANAS NICHOLAS
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 480 | $34.19 | $16K |
| holding | Units | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 122,350 shares (Direct, null);
Units — 3,318.686 shares (Indirect, By 401(k))
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 May 15, 2026 and on May 18, 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.
Key Figures
Tax-withholding shares: 480 shares
Tax-withholding price: $34.19 per share
Direct Class A holdings: 122,350 shares
+1 more
4 metrics
Tax-withholding shares
480 shares
Shares delivered to cover withholding tax on restricted stock vesting
Tax-withholding price
$34.19 per share
Value applied to the 480 Class A shares delivered
Direct Class A holdings
122,350 shares
Direct Class A Common Stock held after the transaction
401(k) units
3,318.686 units
Interests in CENTA Stock Fund in the issuer’s 401(k) plan
Key Terms
restricted stock, withholding tax liability, 401(k) Plan, CENTA Stock Fund, +1 more
5 terms
restricted stock financial
"withholding tax liability upon vesting of restricted stock"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
withholding tax liability financial
"Shares delivered by Reporting Person in payment of the withholding tax liability"
401(k) Plan financial
"The units represent interests in the CENTA Stock Fund in the Issuer's 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
CENTA Stock Fund financial
"The units represent interests in the CENTA Stock Fund in the Issuer's 401(k) Plan"
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for the 480 shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did CENT CEO Nicholas Lahanas report on this Form 4?
Nicholas Lahanas reported delivering 480 shares of Class A Common Stock to cover withholding taxes on vested restricted stock. This was a tax-withholding disposition, not an open-market sale, tied directly to equity compensation vesting rather than a discretionary trade.
What are the CENTA units reported in Nicholas Lahanas’s 401(k) plan?
The filing shows 3,318.686 units in a CENTA Stock Fund within the issuer’s 401(k) plan. These units represent interests composed of CENTA stock and cash, reflecting indirect retirement-plan exposure rather than directly held common shares in a regular brokerage account.