Form 4: Central Garden & Pet CEO Sells Shares

Central Garden & Pet Company's CEO, Nicholas Lahanas, reported a transaction involving the sale of Class A Common Stock.

Summary

• Nicholas Lahanas, Chief Executive Officer and Director of Central Garden & Pet Company, reported a transaction on May 16, 2026.
• Lahanas sold 480 shares of Class A Common Stock at a price of $34.19 per share.
• This transaction was related to the payment of withholding tax liability upon the vesting of restricted stock.
• The number of shares withheld was based on the average of the high and low sales prices of CENTA on May 15, 2026, and May 18, 2026.
• Following this transaction, Lahanas beneficially owns 122,350 shares of Class A Common Stock directly.
• Additionally, Lahanas has 3,318.686 units in the CENTA Stock Fund within the company's 401(k) Plan, which are held indirectly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as the transaction is a routine tax-related sale of stock by an executive and does not indicate a change in the executive's conviction about the company's future.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and do not inherently signal a change in company strategy or performance. The sale by the CEO is attributed to tax withholding, a common practice upon vesting of equity awards.

Stakeholder Impact

• Shareholders: The sale is a routine tax-related event and is not expected to have a significant impact on the share price or overall shareholder value, as it was for tax withholding purposes.

Key Dates

Keywords

Central Garden & Pet Company, Nicholas Lahanas, Form 4, Insider Trading, Stock Sale, Class A Common Stock, Executive Compensation, Tax Withholding