Why Has Cintas Stock Slipped Despite Record Margins? What to Know Amid a Founder's Vesting
Farmer disposed of shares valued at $3.2 million following a vesting event, maintaining over 56 million indirect holdings.
Overview
Executive Chairman Scott D. Farmer disposed of 15,923 shares of Cintas Corporation (NASDAQ:CTAS) at $202.71 per share on August 10, according to a recent 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.