Cintas (NASDAQ: CTAS) CFO uses 249 shares to cover tax withholding on vested stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cintas VP & CFO Scott Garula reported routine share movements tied to compensation. On the reported date, 249 shares of common stock at $170.08 per share were transferred back to the company to satisfy tax withholding triggered by the lapse of restrictions on previously granted restricted shares.
After this tax-withholding disposition, Garula directly holds 97,758 common shares and indirectly holds 19 shares through a 401(k) plan. The filing reflects compensation-related and plan holdings rather than open-market trading activity.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Garula Scott
Role
VP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 249 | $170.08 | $42K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 97,758 shares (Direct, null);
Common Stock — 19 shares (Indirect, By 401(k) plan)
Footnotes (1)
- [object Object]
Key Figures
Tax-withholding shares: 249 shares
Tax-withholding price: $170.08 per share
Direct holdings after transaction: 97,758 shares
+1 more
4 metrics
Tax-withholding shares
249 shares
Shares transferred to satisfy tax withholding on restricted shares
Tax-withholding price
$170.08 per share
Value per Cintas common share used for tax-withholding disposition
Direct holdings after transaction
97,758 shares
Cintas common stock held directly by CFO after tax-withholding transfer
Indirect 401(k) holdings
19 shares
Cintas common stock held indirectly via 401(k) plan
Key Terms
tax withholding, restricted shares, 401(k) plan, indirect ownership
4 terms
tax withholding financial
"shares to satisfy the tax withholding in connection with the lapse of restrictions"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
401(k) plan financial
"nature_of_ownership": "By 401(k) plan""
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
indirect ownership financial
"direct_or_indirect": "I", "nature_of_ownership": "By 401(k) plan""
FAQ
What did Cintas (CTAS) VP & CFO Scott Garula report in this Form 4?
Scott Garula reported compensation-related share activity, not an open-market trade. 249 Cintas common shares were transferred to cover tax withholding when restrictions lapsed on restricted shares, leaving him with 97,758 direct shares and 19 indirect shares via a 401(k) plan.