Form 4: Cintas Corp VP & CFO Hansen J. Michael Reports Share Disposal for Tax Obligations

J. Michael Hansen, VP & CFO of Cintas Corp, reports disposing of 1,716 shares to cover tax withholding obligations related to lapsed restrictions on previously granted restricted shares.

Summary

• J. Michael Hansen, VP & CFO of Cintas Corp, filed a Form 4 detailing changes in beneficial ownership.
• On July 26, 2024, Hansen disposed of 1,716 shares of Common Stock at a price of $761.39 to satisfy tax withholding requirements.
• This transaction was related to the lapsing of restrictions on restricted shares granted under the Cintas Corporation Equity Compensation Plan.
• Following the transaction, Hansen directly owns 36,015 shares of Common Stock.
• Hansen also indirectly owns 32,051 shares through the Susan S. Hansen Legacy Trust and 13,251 shares through the Jon Michael Hansen II Legacy Trust.
• Additionally, Hansen owns 294 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a routine transaction for tax purposes.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential sentiment.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates