Form 4: Cintas CFO Scott Garula Sells Shares for Tax Withholding

Cintas Corporation's VP & CFO, Scott Garula, reported the disposition of 2,969 common shares at $223.56 each to cover tax withholding obligations following the lapse of restricted share restrictions.

Summary

• Scott Garula, VP & CFO of Cintas Corp (CTAS), reported a transaction on July 25, 2025.
• Disposed of 2,969 shares of Common Stock.
• The shares were disposed of at a price of $223.56 per share.
• The disposition was to satisfy tax withholding obligations after restrictions on previously granted restricted shares lapsed.
• Following the transaction, Scott Garula directly beneficially owns 93,559 shares of Common Stock.
• Additionally, 19 shares are indirectly owned via a 401(k) plan.
• The transaction was made pursuant to a Rule 10b5-1 plan.

Sentiment

Score: 5

Explanation: The transaction is neutral as it's a routine, non-discretionary sale for tax purposes related to equity compensation, rather than a voluntary sale of shares. The officer retains significant holdings.

Positives

• The disposition was for tax withholding, not a discretionary sale, indicating a non-discretionary event related to compensation.
• The transaction was executed under a Rule 10b5-1 plan, suggesting a pre-planned and transparent approach to share management.
• Scott Garula retains a significant direct beneficial ownership of 93,559 shares, demonstrating continued alignment with shareholder interests.

Negatives

• A reduction in direct beneficial ownership by 2,969 shares, even if for tax purposes.

Industry Context

This is an individual insider transaction and does not directly relate to broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: Minor reduction in direct beneficial ownership by an officer, but the transaction is routine and expected for tax purposes, so minimal direct impact. The officer's continued significant holding is a positive.
• Employees: No direct impact mentioned.
• Customers/Suppliers/Creditors: No direct impact.

Key Dates

Keywords

Cintas Corp, CTAS, Form 4, Insider Trading, Stock Transaction, Officer, Scott Garula, Tax Withholding, Restricted Stock, Equity Compensation, Rule 10b5-1