J. Michael Hansen - 22 Dec 2023 Form 4 Insider Report for CINTAS CORP (CTAS)

Role
VP & CFO
Signature
/s/ F. Mark Reuter as Attorney-in-Fact for J. Michael Hansen
Issuer symbol
CTAS
Transactions as of
22 Dec 2023
Transactions value $
-$10,415,462
Form type
4
Filing time
27 Dec 2023, 16:15:29 UTC
Previous filing
14 Aug 2023
Next filing
30 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTAS Common Stock Options Exercise $1.17M +8.53K +22.61% $137.30 46.3K 22 Dec 2023 Direct
transaction CTAS Common Stock Tax liability -$2.9M -4.85K -10.49% $597.16 41.4K 22 Dec 2023 Direct
transaction CTAS Common Stock Options Exercise $3.45M +16.6K +40.19% $206.99 58.1K 22 Dec 2023 Direct
transaction CTAS Common Stock Tax liability -$6.3M -10.6K -18.17% $597.16 47.5K 22 Dec 2023 Direct
transaction CTAS Common Stock Sale -$5.83M -9.77K -20.57% $596.91 37.7K 22 Dec 2023 Direct F1
holding CTAS Common Stock 32.1K 22 Dec 2023 See Footnote F2
holding CTAS Common Stock 13.3K 22 Dec 2023 See Footnote F3
holding CTAS Common Stock 293 22 Dec 2023 By 401(k) plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CTAS Stock Option (Right to Buy) Options Exercise $0 -8.53K -100% $0.00* 0 22 Dec 2023 Common Stock 8.53K $137.30 Direct F4
transaction CTAS Stock Option (Right to Buy) Options Exercise $0 -16.6K -100% $0.00* 0 22 Dec 2023 Common Stock 16.6K $206.99 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price is a weighted average price. These shares were sold in multiple transactions ranging from $594.27 to $597.64. The Reporting Person undertakes to provide full pricing information to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission upon request.
F2 The securities are held by the Susan S. Hansen Legacy Trust.
F3 The securities are held by the Jon Michael Hansen II Legacy Trust.
F4 The option vests 33% on the third anniversary of the grant date, 33% on the fourth anniversary of the grant date, and 34% on the fifth anniversary of the grant date.
F5 The option vests as follows: one-third on the third anniversary of the grant date, one-third on the fourth anniversary of the grant date, and one-third on the fifth anniversary of the grant date.