Ronald W. Tysoe’s Form 4 filings reveal a consistent, one-sided pattern: he is a seller of Cintas Corporation (CTAS) stock, with no open-market purchases on record. Across 278 transactions, his total sell value reached $2.84 million, while his acquired value of $1.33 million came entirely from compensation-related events such as option exercises (code M) and grants (code A). The most recent activity, filed July 22, 2026, shows a $872,164 open-market sale (code S) paired with a $136,931 tax-withholding disposition (code F) and a $136,801 option exercise—a structure that suggests he monetized vested shares while covering the associated tax liability.
The selling cadence has been steady and substantial. On April 20, 2026, Tysoe sold $834,607 worth of CTAS, again alongside an option exercise and tax withholding. That followed a $1.14 million sale on July 30, 2025, his largest single disposition in the recent window. Between these major sales, he received routine quarterly grants (code A) valued between roughly $14,000 and $17,400, including two zero-value awards on October 29, 2025. These grants are compensation, not conviction buys, and they do little to offset the outflow: his last open-market purchase of any kind is absent from the record.
The data points to a director or executive who is systematically reducing his CTAS position, with sales clustered around option exercises that provide liquidity. The absence of any code P transactions—the only designation that signals a voluntary, conviction-based purchase—underscores the bearish tilt. Tysoe’s activity is entirely one-directional: he sells on a schedule, receives equity as pay, and never buys back in. For investors tracking insider behavior, the message is clear—he is harvesting value from Cintas, not adding to it.
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