Cintas (CTAS) Form 4: Farmer adds 976 restricted shares; large indirect holdings disclosed

Rhea-AI Filing Summary

Scott D. Farmer, Executive Chairman of Cintas Corporation (CTAS), acquired 976 restricted shares on 08/11/2025 pursuant to the Cintas Equity Compensation Plan at a reported price of $223.88, bringing his direct beneficial ownership to 1,847,582 shares. The filing identifies Mr. Farmer as a Director and a >10% owner.

The report also discloses substantial indirect holdings: 33,505,548 shares held by a limited liability limited partnership, 20,656,552 shares held by limited liability companies, 1,294,676 shares by trusts, 335,520 shares by a limited partnership, 18,304 shares by his spouse, and 4,752 shares held by an ESOP. The filing states Mr. Farmer has sole voting and dispositive power over certain entities, with customary disclaimers of beneficial ownership.

Positive

• Restricted shares granted under the Cintas Equity Compensation Plan, aligning the Executive Chairman with shareholder interests.
• Comprehensive disclosure of large indirect holdings and statement of sole voting/dispositive power provides clarity on governance and control.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine restricted-share grant; direct holdings modest, while disclosed indirect positions are large and reflect control.

The reported acquisition of 976 restricted shares at $223.88 is consistent with compensation-related equity awards and represents a routine, nondispositive insider purchase for alignment with shareholders. The more material disclosure is the scale of reported indirect ownership across multiple entities totaling tens of millions of shares, and the reporting person’s claimed sole voting and dispositive power over those vehicles. For investors, these aggregated holdings indicate concentrated insider ownership and governance influence rather than a market-moving transaction.

Corporate Governance Expert

TL;DR: Filing documents executive alignment via equity awards and confirms significant indirect control through multiple entities.

The Form 4 documents a grant of restricted stock under the company plan, which typically vests over time and aligns executive incentives with long-term shareholder value. Crucially, the explanations state sole voting and dispositive power over several entities holding large share blocks, and include standard disclaimers of beneficial ownership except to the extent of pecuniary interest. This combination of direct awards plus extensive indirect holdings is governance-relevant information about control and potential influence on corporate decisions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

FARMER SCOTT D

(Last) (First) (Middle)

8044 MONTGOMERY ROAD

SUITE 480

(Street)

CINCINNATI OH 45236

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CINTAS CORP [ CTAS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/11/2025		A		976(1)	A	$223.88	1,847,582	D
Common Stock								33,505,548	I	By Limited Liability Limited Partnership(2)
Common Stock								20,656,552	I	By Limited Liability Companies(3)
Common Stock								1,294,676	I	By Trusts(4)
Common Stock								335,520	I	By Limited Partnership(5)
Common Stock								18,304	I	By Spouse
Common Stock								4,752	I	by ESOP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted shares granted pursuant to Cintas Corporation Equity Compensation Plan.

2. Owned by a limited liability limited partnership of which Mr. Farmer has sole voting and dispositive power. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.

3. Owned by limited liability companies of which Mr. Farmer has sole voting and dispositive power. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.

4. Owned by trusts for the benefit of Mr. Farmer and his family. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.

5. Owned by a limited partnership under Mr. Farmer's control. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.

	/s/ Scott D. Farmer	08/13/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Scott D. Farmer report in the Form 4 for CTAS?

He reported the acquisition of 976 restricted shares on 08/11/2025 pursuant to the Cintas Equity Compensation Plan at a reported price of $223.88.

How many shares does Scott D. Farmer beneficially own after the reported transaction?

The filing reports 1,847,582 shares as Mr. Farmer's direct beneficial ownership following the reported transaction.

What indirect holdings does the Form 4 disclose for Scott D. Farmer?

The filing discloses indirect holdings of 33,505,548 (LLLP), 20,656,552 (LLCs), 1,294,676 (trusts), 335,520 (limited partnership), 18,304 (spouse), and 4,752 (ESOP) shares.

What roles does Scott D. Farmer hold at Cintas (CTAS) according to the filing?

The Form 4 identifies him as Executive Chairman, a Director, and a reported 10% owner.

Are there disclaimers about beneficial ownership in the filing?

Yes. The filing includes standard disclaimers that Mr. Farmer disclaims beneficial ownership of shares held by certain entities except to the extent of any pecuniary interest, while noting sole voting and dispositive power for some entities.