Cintas (CTAS) Executive Chairman Scott Farmer Receives Award

What Happened

• Scott D. Farmer, Executive Chairman and Director of Cintas (CTAS), was granted 830 restricted shares on 2026-08-10 at a reported value of $202.71 per share (total value $168,249).
• On the same date, 15,923 previously restricted shares were transferred (reported as a disposition) at $202.71 per share to satisfy tax withholding obligations, valued at $3,227,751. The grant is coded as an award (A); the share transfer to cover taxes is coded as tax withholding (F).

Key Details

• Transaction date: 2026-08-10; reported filing date: 2026-08-12 (appears timely under Section 16 rules).
• Grant: 830 restricted shares @ $202.71 = $168,249.
• Tax withholding: 15,923 shares @ $202.71 = $3,227,751 (transfer of vested/restricted shares to cover taxes).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes: F1 = shares granted under Cintas Equity Compensation Plan; F2 = restrictions on the transferred shares had lapsed and they were used to satisfy tax withholding; F3–F6 = several holdings are owned by entities/trusts controlled by Mr. Farmer and he disclaims beneficial ownership except to the extent of any pecuniary interest.

Context

• This was a restricted share award plus a routine tax-withholding share transfer (a common cashless-style settlement), not an open-market sale or purchase. Such transfers to cover taxes are administrative and don’t necessarily signal a change in the insider’s view of the company.
• Footnotes indicate many shares are held through entities/trusts where Mr. Farmer has voting/dispositive power; those holdings are disclosed with standard disclaimers of beneficial ownership.