Scott D. Farmer disposed of 15,923 CTAS shares to cover tax obligations tied to equity award restrictions.
Cintas Corporation Executive Chairman Scott D. Farmer sold 15,923 shares at $202.71 each on August 10, totaling approximately $3.2 million. The transaction was non-discretionary, executed to satisfy tax liabilities from the lapse of restrictions on equity awards.
Farmer retains significant indirect holdings, including 33.5 million shares through a limited liability limited partnership and 22.1 million shares via various limited liability companies. Additional shares are held through trusts, an Employee Stock Ownership Plan, and family entities.
The stock has declined 10% over the past year, with the sale occurring at the August 10 market close price of $202.71.