Cintas CEO Todd Schneider Receives Restricted Stock Award

What Happened

• Todd M. Schneider, CEO and Director of Cintas Corporation (CTAS), was granted 57,944 restricted shares on 2026-08-10 at a reported value of $202.71 per share ($11,745,828). On the same date, 35,599 shares were transferred to satisfy tax withholding at $202.71/share ($7,216,273). Net across the transactions that day = +22,345 shares.

Key Details

• Transaction dates and prices: 2026-08-10; grant (A) 57,944 shares @ $202.71; tax-withholding transfer (F) 35,599 shares @ $202.71.
• Dollar amounts: grant ≈ $11.75M; shares transferred for taxes ≈ $7.22M.
• Net change that day: 22,345 additional shares (57,944 granted minus 35,599 transferred for taxes).
• Shares owned after transaction: total beneficial ownership after these moves is not reported on the Form 4; net change shown above.
• Footnotes: F1 = new restricted shares granted under the Cintas Equity Compensation Plan. F2 = the 35,599 shares transferred were previously restricted shares whose restrictions had lapsed and were used to satisfy tax withholding.
• Filing: Form 4 lists the report period as 2026-08-10 and was filed 2026-08-12 — this appears to be within the standard two-business-day reporting window.
• Exhibit: Exhibit 24 (Power of Attorney) attached.

Context

• This was a standard equity compensation grant (award of restricted stock) and a routine tax-withholding transfer, not an open-market sale or purchase. Tax-withholding transfers (F code) are common when shares vest and do not necessarily indicate a view on the stock.