Form 4: Cintas Corp Executive Chairman Scott Farmer Reports Stock Transaction

Scott Farmer, Executive Chairman of Cintas Corp, reports disposition of shares to cover tax obligations following the vesting of restricted stock.

Summary

• On July 26, 2024, Scott D. Farmer, the Executive Chairman of Cintas Corp, reported a transaction involving Cintas common stock.
• Mr. Farmer disposed of 11,763 shares of common stock to satisfy tax withholding obligations.
• The shares were disposed of at a price of $761.39 per share.
• Following the transaction, Mr. Farmer directly owns 459,012 shares.
• Mr. Farmer also indirectly owns shares through a limited liability limited partnership (8,376,387 shares), limited liability companies (5,164,138 shares), trusts (323,669 shares), a limited partnership (83,880 shares), and through his spouse (4,576 shares) and an ESOP (1,188 shares).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a routine 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. This filing indicates the Executive Chairman's stock activity related to tax obligations from vested restricted stock, which is a common occurrence.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.

Key Dates