CTAS - Insider Unloading: J. Michael Hansen Sells Options Realizes $10.65M | Benzinga
Highlighted on December 27, it was unveiled in an SEC filing that Hansen, VP & CFO at Cintas (NASDAQ:CTAS), executed a significant transaction involving the exercise of company stock options.
What Happened: The latest Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission uncovered Hansen, VP & CFO at Cintas, exercising stock options for 25,177 shares of CTAS. The total transaction was valued at $10,653,561.
As of Thursday morning, Cintas shares are up by 0.05%, with a current price of $606.52. This implies that Hansen's 25,177 shares have a value of $10,653,561.
Get to Know Cintas Better
Cintas is positioned as a one-stop shop that rents/sells uniforms and ancillary products and services, such as mops, first aid kits, and fire inspections. In its core uniform and facility services unit (a majority of sales), Cintas provides uniform rental programs for items including office attire, custom-tailored apparel, flame-resistant clothing, lab coats, and other profession-specific clothing. Facilities products generally include the rental and sale of entrance mats, mops, shop towels, hand sanitizers, and restroom supplies. Cintas' remaining businesses include first aid and safety services, fire protection services, and uniform direct sales.
Cintas: Delving into Financials
Revenue Growth: Cintas displayed positive results ...