TYSOE RONALD W 4

What Happened
Ronald W. Tysoe, a director of Cintas Corporation (CTAS), exercised 5,500 stock options on 2026-04-20 (exercise price $27.10, total cash paid $149,050) and immediately sold most of the acquired shares. He sold 4,666 shares in the open market at a weighted average price of $178.87 for proceeds of about $834,607. To cover taxes, 834 shares were withheld/disposed (valued at $178.83 per share, $149,144). The transactions reflect a cashless exercise and sale of the shares received upon option exercise.

Key Details

• Transaction date: 2026-04-20; Form 4 filed 2026-04-22 (appears timely).
• Option exercise: 5,500 shares @ $27.10 (paid $149,050).
• Tax withholding: 834 shares withheld @ $178.83 (value ~$149,144).
• Open-market sale: 4,666 shares sold @ weighted avg $178.87 (proceeds ~$834,607); sale prices ranged $178.82–$178.97 per footnote.
• Derivative entry: 5,500 options reported as exercised/converted (M) and subsequently disposed as equity in the same reporting set.
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: F1 notes a 4-for-1 stock split (all amounts adjusted); F2 indicates the sale price is a weighted average of multiple trades; F3 confirms options were granted under the 2016 Equity Compensation Plan and were fully vested after one year.
• Filing timeliness: appears timely (no late filing indicated).

Context
This was an option exercise followed by an immediate sale (a common "cashless exercise" pattern): the insider paid the exercise cost, had shares withheld to cover taxes, and sold the remaining shares for cash. Sales by directors are often routine liquidity events and do not by themselves indicate company performance or future insider sentiment.