Garula Scott 4
Research Summary
AI-generated summary
Cintas (CTAS) CFO Scott Garula Transfers 249 Shares for Tax Withholding
What Happened
Scott Garula, Vice President and Chief Financial Officer of Cintas Corp (CTAS), had 249 shares withheld/returned to the company on July 1, 2026, at $170.08 per share (total value ≈ $42,350). This disposition (code F) represents shares transferred to cover tax withholding tied to the lapse of restrictions on restricted stock — not an open-market sale.
Key Details
- Transaction date and price: 2026-07-01 — 249 shares at $170.08 each (≈ $42,350).
- Transaction code: F — transfer of shares to satisfy tax withholding on restricted shares (footnote F1).
- Shares owned after transaction: Not disclosed in the Form 4 filing.
- Filing date: 2026-07-06 (the Form 4 was filed five days after the transaction date, which is outside the standard 2-business-day reporting window and appears late).
- Exhibit noted: Exhibit 24 — Power of Attorney.
Context
This was a tax-withholding transfer associated with restricted stock vesting (a routine administrative disposition) rather than a market sale. Such transfers are common when restricted awards lapse and do not necessarily indicate the insider's buy/sell sentiment.
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