Form 4: Central Garden & Pet CEO Nicholas Lahanas Reports Stock Disposals for Tax Obligations

Nicholas Lahanas, CEO of Central Garden & Pet Co, reported disposing of Class A Common Stock to cover withholding tax liabilities upon vesting of restricted stock.

Summary

• Nicholas Lahanas, the CEO of Central Garden & Pet Co, filed a Form 4 detailing changes in beneficial ownership.
• On February 9, 2025, Lahanas disposed of 924 shares of Class A Common Stock at $32.79 to cover withholding tax liabilities upon vesting of restricted stock.
• On February 10, 2025, Lahanas disposed of 7,825 shares of Class A Common Stock at $32.79 for the same reason.
• Following these transactions, Lahanas directly owns 71,724 shares of Class A Common Stock and indirectly owns 2,915.5134 units through a 401(k) plan.

Sentiment

Score: 5

Explanation: The filing reflects routine transactions related to tax obligations, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the reason for the disposal.

Key Dates

Keywords

Form 4, Beneficial Ownership, Central Garden & Pet, Nicholas Lahanas, Stock Disposal, Tax Withholding, CENT, CENTA