Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-02-18

Central Garden & Pet (CENT)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$2,059,747
John Hanson total, FY2025
President, Pet Consumer Productshighest-paid officer; CEO Nicholas Lahanas: $1,905,762
CEO (Nicholas Lahanas) pay percentile vs peers
40:1
CEO-to-median pay ratio
98.68%
Say-on-pay support, latest vote
Companies that benchmark against CENT
3 companies name CENT as a compensation peer

Each company listed discloses CENT in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CENT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
John Hanson$560,423$0$1,449,992$0$0$0$49,332$2,059,747
President, Pet Consumer Products
Nicholas Lahanas893,36501,000,02200012,3751,905,762
Chief Executive Officer
William Brown306,50801,200,01900028,7711,535,298
Chairman of the Board of Directors
John Walker563,3790250,00600045,550858,935
President, Garden Consumer Products
Bradley Smith448,4350250,00600037,596736,037
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
John Hanson$2,059,747
Nicholas Lahanas1,905,762
William Brown1,535,298
John Walker858,935
Bradley Smith736,037

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
William BrownRSU2025-02-1122,302$750,016
William BrownRSU2025-02-1113,381450,003
John HansonRSU2025-02-1135,6821,199,986
John HansonRSU2025-02-113,717
John HansonPSU2025-02-112,4163,7178,363125,003
Nicholas LahanasRSU2025-02-1114,868
Nicholas LahanasPSU2025-02-119,66414,86833,453500,011
Bradley SmithPSU2025-02-112,4163,7178,363125,003
Bradley SmithRSU2025-02-113,717
John WalkerRSU2025-02-113,717
John WalkerPSU2025-02-112,4163,7178,363125,003
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
William Brown$1,200,019$0$00.0%
John Hanson1,199,986125,00309.4%
Nicholas Lahanas0500,0110100.0%
Bradley Smith0125,0030100.0%
John Walker0125,0030100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
John HansonRSU35,682$1,070,817
William BrownRSU22,302669,283
Nicholas LahanasRSU21,930658,119
John WalkerRSU21,930658,119
Nicholas LahanasRSU14,868446,189
Nicholas LahanasPSU14,868446,189
William BrownRSU13,837415,248
William BrownRSU13,534406,155
William BrownRSU13,381401,563
William BrownRSU9,005270,240
Nicholas LahanasPSU3,844115,358
John HansonPSU3,844115,358
John WalkerPSU3,844115,358
Nicholas LahanasRSU3,788113,678
John HansonRSU3,759112,808
William BrownRSU3,786113,618
Nicholas LahanasRSU3,759112,808
Nicholas LahanasPSU3,759112,808
John WalkerPSU3,759112,808
John HansonPSU3,759112,808
John WalkerRSU3,759112,808
Nicholas LahanasPSU3,751112,568
John HansonPSU3,751112,568
John HansonPSU3,717111,547
John WalkerPSU3,751112,568
Bradley SmithRSU3,717111,547
Bradley SmithPSU3,717111,547
John HansonRSU3,717111,547
John WalkerRSU3,717111,547
John WalkerPSU3,717111,547
Bradley SmithRSU3,00790,240
Nicholas LahanasRSU1,92257,679
John HansonRSU1,92257,679
John WalkerRSU1,92257,679
Bradley SmithPSU1,15334,602
Bradley SmithRSU1,12733,821
Bradley SmithPSU1,12733,821
Bradley SmithPSU1,12533,761
Bradley SmithRSU57617,286
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation program is designed to reward, retain, and attract executives to support the Company's business strategy and achieve its short and long-term goals. The Company believes its compensation program is strongly aligned with the interests of the Company's shareholders and links competitive levels of compensation to achievements of the Company's overall strategy and business goals.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policytrue
Anti-hedging
Anti-pledging
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-02-1116,346,943218,08470,79498.68%Passed
20232023-02-0719,179,403640,46610,79396.77%Passed
20202020-02-1118,646,1841,454,60049,26392.76%Passed
20172017-02-1419,695,672170,75513,85599.14%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-02-1198.68%a
20232023-02-0796.77%b
20202020-02-1192.76%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)40 : 1
CEO total compensation$1,905,762
Median employee compensation$49,985
09

Board fee structure and ownership guideline

Annual cash retainer$15,000
Annual equity retainer
Per board meeting fee$1,500
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000
Stock ownership guideline$300,000
10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Central Garden & Pet2025Nicholas Lahanas$893,365$1,000,022$0$0$1,905,762

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, John HansonDEF 14A2025-12-220001140361-25-046376Section “Summary Compensation Table” · page 26. As printed: 2,059,747. Filing ↗machine: r7 · c25 · span 445578–445587
2Section 01, Nicholas LahanasDEF 14A2025-12-220001140361-25-046376Section “Summary Compensation Table” · page 26. As printed: 1,905,762. Filing ↗machine: r2 · c25 · span 422534–422543
3Section 01, William BrownDEF 14A2025-12-220001140361-25-046376Section “Summary Compensation Table” · page 26. As printed: 1,535,298. Filing ↗machine: r13 · c25 · span 472606–472615
4Section 01, John WalkerDEF 14A2025-12-220001140361-25-046376Section “Summary Compensation Table” · page 26. As printed: 858,935. Filing ↗machine: r10 · c25 · span 459477–459484
5Section 01, Bradley SmithDEF 14A2025-12-220001140361-25-046376Section “Summary Compensation Table” · page 26. As printed: 736,037. Filing ↗machine: r5 · c25 · span 436501–436508
6Section 03, William Brown RSUDEF 14A2025-12-220001140361-25-046376Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
7Section 03, William Brown RSUDEF 14A2025-12-220001140361-25-046376Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
8Section 03, John Hanson RSUDEF 14A2025-12-220001140361-25-046376Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 620753–620762
9Section 03, John Hanson RSUDEF 14A2025-12-220001140361-25-046376Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
10Section 03, John Hanson PSUDEF 14A2025-12-220001140361-25-046376Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
11Section 03, Nicholas Lahanas RSUDEF 14A2025-12-220001140361-25-046376Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 571725–571731
12Section 03, Nicholas Lahanas PSUDEF 14A2025-12-220001140361-25-046376Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
13Section 03, Bradley Smith PSUDEF 14A2025-12-220001140361-25-046376Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
14Section 03, Bradley Smith RSUDEF 14A2025-12-220001140361-25-046376Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 584541–584546
15Section 03, John Walker RSUDEF 14A2025-12-220001140361-25-046376Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 631885–631890
16Section 03, John Walker PSUDEF 14A2025-12-220001140361-25-046376Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
17Section 07, pay ratioDEF 14A2025-12-220001140361-25-046376Section “CEO Pay Ratio”. As printed: 40 : 1. Filing ↗machine: span 1101907–1101909
18Section 06, 2026 voteForm 8-K2026-02-180001193125-26-057026Item 5.07 · say-on-pay result. As reported: 98.68% (votes for as printed: 16,346,943). Filing ↗
19Section 06, 2023 voteForm 8-K2023-02-100001193125-23-032428Item 5.07 · say-on-pay result. As reported: 96.77% (votes for as printed: 19,179,403). Filing ↗
20Section 06, 2020 voteForm 8-K2020-02-130001193125-20-035729Item 5.07 · say-on-pay result. As reported: 92.76% (votes for as printed: 18,646,184). Filing ↗
21Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
22Central Garden & Pet (subject), Section 10b CEO totalDEF 14A2025-12-220001140361-25-046376CEO total compensation as printed in Central Garden & Pet's own proxy. As printed: 1,905,762. Filing ↗machine: r2 · c25 · span 422534–422543