Form 4: Cintas COO Jim Rozakis Reports Planned Stock Sale for Tax Withholding

Cintas Corporation's Executive Vice President and COO, Jim Rozakis, filed a Form 4 indicating a future disposition of 3,859 common shares on July 25, 2025, to cover tax obligations from vested restricted stock.

Summary

• Jim Rozakis, Executive Vice President & COO of Cintas Corp (CTAS), reported a planned transaction under a Rule 10b5-1(c) plan.
• On July 25, 2025, 3,859 shares of Cintas Common Stock are to be disposed of at a price of $223.56 per share.
• This disposition is to satisfy tax withholding obligations related to the lapse of restrictions on previously granted restricted shares under the Cintas Corporation Equity Compensation Plan.
• Following this transaction, Jim Rozakis will beneficially own 252,669 shares directly and 2,784 shares indirectly through a 401(k) plan.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale for tax withholding purposes upon vesting of restricted stock, which is a neutral event for company operations and stock sentiment.

Positives

• The transaction is a routine tax-related event, indicating the vesting of previously granted equity compensation.

Negatives

• A disposition of shares, even for tax purposes, reduces the insider's direct ownership.

Future Outlook

The filing does not provide forward-looking statements or guidance beyond the planned transaction date.

Industry Context

This filing is a standard insider transaction report, common across all industries when executives' restricted stock vests and shares are withheld for tax purposes. It does not provide specific industry-related insights.

Comparison to Industry Standards

• This type of transaction (shares withheld for tax upon vesting of restricted stock) is a common and standard practice for executive compensation across publicly traded companies globally. There are no specific comparable companies or projects mentioned in the filing to detail.

Stakeholder Impact

• Shareholders: Minimal impact, as it's a routine tax-related transaction and not a discretionary sale indicating a change in management's confidence.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• The planned disposition of 3,859 shares is expected to occur on July 25, 2025.

Key Dates

Keywords

Cintas Corporation, CTAS, Jim Rozakis, Form 4, insider trading, stock disposition, tax withholding, restricted stock, equity compensation, corporate officer