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

Reporting relationship: VP & CFO
Issuer ticker: CTAS
Reported as of: 22 Dec 2023
Net transaction value: -$10,415,462
SEC form: 4
Accepted by SEC: 27 Dec 2023, 16:15:29 UTC
Prior SEC filing: 14 Aug 2023
Next SEC filing: 30 Jul 2024
Source filing: View source filing
Reporting owner signature: /s/ F. Mark Reuter as Attorney-in-Fact for J. Michael Hansen

Key filing fact

J. Michael Hansen filed Form 4 for CINTAS CORP (CTAS) on 27 Dec 2023.

Key facts

This page summarizes J. Michael Hansen's Form 4 filing for CINTAS CORP (CTAS).
7 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 27 Dec 2023, 16:15.

Change

Previous filing in this sequence was filed on 14 Aug 2023.
Current net transaction value: -$10,415,462.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CTAS transaction

Common Stock

Options Exercise

Transaction value: $1,171,444
Shares: +8,532
Change %: +23%
Price: $137.30
Shares after: 46,264
Date: 22 Dec 2023
Ownership: Direct

CTAS transaction

Common Stock

Tax liability

Transaction value: $2,896,823
Shares: -4,851
Change %: -10%
Price: $597.16
Shares after: 41,413
Date: 22 Dec 2023
Ownership: Direct

CTAS transaction

Common Stock

Options Exercise

Transaction value: $3,445,349
Shares: +16,645
Change %: +40%
Price: $206.99
Shares after: 58,058
Date: 22 Dec 2023
Ownership: Direct

CTAS transaction

Common Stock

Tax liability

Transaction value: $6,301,232
Shares: -10,552
Change %: -18%
Price: $597.16
Shares after: 47,506
Date: 22 Dec 2023
Ownership: Direct

CTAS transaction

Common Stock

Sale

Transaction value: $5,834,198
Shares: -9,774
Change %: -21%
Price: $596.91
Shares after: 37,732
Date: 22 Dec 2023
Ownership: Direct
Footnotes: F1

CTAS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 32,051
Date: 22 Dec 2023
Ownership: See Footnote
Footnotes: F2

CTAS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 13,251
Date: 22 Dec 2023
Ownership: See Footnote
Footnotes: F3

CTAS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 293
Date: 22 Dec 2023
Ownership: By 401(k) plan

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CTAS transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -8,532
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 22 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8,532
Exercise price: $137.30
Footnotes: F4

CTAS transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -16,645
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 22 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 16,645
Exercise price: $206.99
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote F2

The securities are held by the Susan S. Hansen Legacy Trust.

Footnote F3

The securities are held by the Jon Michael Hansen II Legacy Trust.

Footnote 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.

Footnote 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.