Form 4: Cintas Executive Jim Rozakis Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Executive Vice President & COO of Cintas, Jim Rozakis, reports disposing of 1,858 shares of common stock to cover tax withholding obligations.
Summary
- Jim Rozakis, Executive Vice President & COO of Cintas Corp, reported a transaction involving Cintas common stock on July 26, 2024.
- Rozakis disposed of 1,858 shares of common stock to satisfy tax withholding requirements.
- The transaction was executed at a price of $761.39 per share.
- Following the transaction, Rozakis directly owns 57,912 shares of Cintas common stock.
- Rozakis also indirectly owns 696 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a common practice of executives selling shares to cover tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale for tax purposes and does not indicate a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 07/26/2024 | Date of stock disposal transaction. |
| 07/30/2024 | Date of report filing. |
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