Monro (MNRO) SVP CIO has shares withheld to cover equity award taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Monro, Inc. senior vice president and CIO Cindy Donovan reported routine tax-related share dispositions in Monro common stock. The Form 4 shows that, on multiple dates between 2024 and 2026, small blocks of shares were withheld to satisfy tax obligations when restricted stock units vested.

These F‑code transactions are described as payments of tax liability by delivering securities, not open‑market sales. After the most recent withholding of 155 shares at $16.16 on May 12, 2026, Donovan directly holds 17,785 shares of Monro common stock.

Insider Trade Summary

11 transactions reported

Mixed 11 txns

Insider Donovan Cindy

Role Sr. VP - CIO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	155	$16.16	$3K
Tax Withholding	Common Stock	216	$17.72	$4K
Tax Withholding	Common Stock	97	$13.07	$1K
Tax Withholding	Common Stock	804	$16.65	$13K
Tax Withholding	Common Stock	175	$14.11	$2K
Tax Withholding	Common Stock	155	$13.07	$2K
Tax Withholding	Common Stock	217	$12.22	$3K
Tax Withholding	Common Stock	98	$26.05	$3K
Tax Withholding	Common Stock	175	$23.43	$4K
Tax Withholding	Common Stock	94	$23.65	$2K
Tax Withholding	Common Stock	155	$26.53	$4K

Holdings After Transaction: Common Stock — 17,785 shares (Direct, null)

Footnotes (1)

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Key Figures

Latest tax-withheld shares: 155 shares at $16.16 Prior tax-withheld shares: 216 shares at $17.72 Total tax-withheld shares: 2,341 shares +3 more

6 metrics

Latest tax-withheld shares 155 shares at $16.16 F-code disposition on May 12, 2026

Prior tax-withheld shares 216 shares at $17.72 F-code disposition on May 9, 2026

Total tax-withheld shares 2,341 shares Sum of 11 F-code transactions

Shares held after latest transaction 17,785 shares Direct Monro common stock holding post May 12, 2026

Example earlier withholding 804 shares at $16.65 F-code disposition on July 23, 2025

Another earlier withholding 175 shares at $23.43 F-code disposition on June 19, 2024

Key Terms

restricted stock units, tax withholding obligations, Common Stock, tax-withholding disposition

4 terms

restricted stock units financial

"Shares withheld to cover tax withholding obligations upon the vesting of restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax withholding obligations financial

"Shares withheld to cover tax withholding obligations upon the vesting of restricted stock units."

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 Insider Transactions: What Each Field Means →

05/15/2026 - 04:31 PM

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Donovan Cindy

(Last)

(First)

(Middle)

295 WOODCLIFF DRIVE

SUITE 202

(Street)

FAIRPORT

NEW YORK

14450

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MONRO, INC. [ MNRO ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Sr. VP - CIO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2024

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/12/2024		F		155⁽¹⁾	D	$26.53	7,099	D
Common Stock	06/01/2024		F		94⁽¹⁾	D	$23.65	7,005	D
Common Stock	06/19/2024		F		175⁽¹⁾	D	$23.43	6,830	D
Common Stock	07/30/2024		F		98⁽¹⁾	D	$26.05	13,444	D
Common Stock	05/09/2025		F		217⁽¹⁾	D	$12.22	13,227	D
Common Stock	05/12/2025		F		155⁽¹⁾	D	$13.07	13,072	D
Common Stock	06/19/2025		F		175⁽¹⁾	D	$14.11	19,057	D
Common Stock	07/23/2025		F		804⁽¹⁾	D	$16.65	18,253	D
Common Stock	07/30/2025		F		97⁽¹⁾	D	$13.07	18,156	D
Common Stock	05/09/2026		F		216⁽¹⁾	D	$17.72	17,940	D
Common Stock	05/12/2026		F		155⁽¹⁾	D	$16.16	17,785	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares withheld to cover tax withholding obligations upon the vesting of restricted stock units.

	/s/ Cindy L. Donovan	05/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Monro (MNRO) report for Cindy Donovan?

Monro reported tax-related share dispositions for Cindy Donovan. The Form 4 shows several F-code transactions where small numbers of shares were withheld to pay tax obligations triggered by the vesting of restricted stock units, rather than discretionary open-market sales.

Are Cindy Donovan’s Monro (MNRO) transactions open-market sales or tax withholding?

The transactions are tax-withholding dispositions, not open-market sales. Each F-code entry is described as payment of tax liability by delivering Monro common shares, tied to restricted stock unit vesting, according to the filing and accompanying footnote.

How many Monro (MNRO) shares does Cindy Donovan hold after the latest Form 4?

After the latest reported transaction, Cindy Donovan holds 17,785 shares. This figure reflects her direct ownership of Monro common stock following the May 12, 2026 tax-withholding disposition of 155 shares at a reported price of $16.16 per share.

What is the total number of Monro (MNRO) shares withheld for Cindy Donovan’s taxes?

The filing summarizes 2,341 shares withheld for tax obligations. The transaction summary shows 11 F-code tax-withholding transactions totaling 2,341 Monro common shares, all used to cover tax liabilities associated with equity compensation vesting events.

What prices are associated with Cindy Donovan’s Monro (MNRO) tax-withholding transactions?

The reported withholding prices range from about $12.22 to $26.53. Individual F-code entries include 155 shares at $16.16 on May 12, 2026 and 216 shares at $17.72 on May 9, 2026, reflecting market values used to compute tax obligations.