Cintas Executive Chairman Scott D. Farmer disposed of 15,923 shares at $202.71 per share on August 10, according to a recent SEC Form 4 filing. The sale was non-discretionary, executed to cover tax obligations associated with the lapse of restrictions on equity awards, and does not reflect the executive's view on the company stock. Farmer maintains a primary interest through indirect holdings, including 33.5 million shares held by a limited liability limited partnership and 22.1 million shares held through various limited liability companies. The transaction occurred with shares priced at $202.71, as the stock has generated a return of -10% over the one-year period ending on the August 10 transaction date. Cintas grew fiscal fourth-quarter revenue 8.9% to $2.9 billion and posted a record 51% gross margin, closing a year of double-digit earnings growth.
Cintas CorporationExecutive chairman's non-discretionary share sale to cover tax obligations; not indicative of view on stock, but company reported strong Q4 results.
