Form 4: Cintas CEO Todd Schneider Reports Stock Disposal
SEC Form 4 Filing
Cintas CEO Todd M. Schneider reports the disposal of 39,500 shares of common stock on March 28, 2024.
Summary
- Todd M. Schneider, CEO and Director of Cintas Corp, filed a Form 4 on April 1, 2024, reporting changes in beneficial ownership.
- On March 28, 2024, Schneider disposed of 39,500 shares of Cintas common stock.
- The transaction was coded as 'G', indicating a gift, and the price was $0.
- Following the transaction, Schneider directly owns 150,187 shares of Cintas common stock.
- Schneider also indirectly owns 863 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The disposal of shares by the CEO could be perceived negatively by some shareholders, although the context of the transaction (a gift) mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of stock disposal transaction |
| 04/01/2024 | Date of Form 4 filing |
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