What a Cintas CEO Insider Filing Signals as It Pursues UniFirst
These shares were withheld to cover tax obligations from restricted stock vesting. Schneider retains 694,900 shares worth $140.9 million.
Overview
Todd M. Schneider, the CEO of Cintas Corporation (NASDAQ:CTAS), disposed of 35,599 shares of common stock on August 10, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($202.71); post-transaction value based on the August 10 market close ($202.71).
Details
Cintas Corporation is a leading specialty business services provider with a market capitalization of $82.1 billion and TTM revenues of $11.3 billion, demonstrating substantial scale and market presence. The company's diversified service portfolio and recurring revenue model provide stable cash flows and competitive advantages through high customer switching costs and operational efficiency. With 48,100 employees and established operations across North America and Latin America, Cintas maintains a strong market position in the professional services sector.
Source
Originally published at www.fool.com.