Item 2. Unregistered Sales of Equity Securities
ITEM 2.
UNREGISTERED SALES OF EQUITY SECURITIES,
USE OF PROCEEDS AND ISSUER PURCHASES OF EQUITY SECURITIES
Period
(In millions, except share and per share data)
Total number
of shares
purchased Average
price paid
per share Total number of
shares purchased
as part of the
publicly announced
plan (1)
Maximum
approximate dollar
value of shares
that may yet be
purchased under
the plan (1)
September 1 - 30, 2025 (2)
1,126,367 $ 199.53 1,111,498 $ 891.9
October 1 - 31, 2025 (3)
1,399,213 $ 188.64 1,348,812 $ 1,637.6
November 1 - 30, 2025 (4)
799,546 $ 183.73 777,021 $ 1,494.8
Total 3,325,126 $ 191.15 3,237,331 $ 1,494.8
(1) On July 26, 2022, Cintas announced that the Board authorized a $1.0 billion share buyback program, which was completed during the second quarter of fiscal 2026. From the inception of the July 26, 2022 share buyback program through September 2025, Cintas purchased a total of 5.4 million shares of Cintas common stock at an average price of $185.01 per share for a total purchase price of $1.0 billion. On July 23, 2024, Cintas announced that the Board authorized a $1.0 billion share buyback program which does not have an expiration date. From the inception of the July 23, 2024 share buyback program through November 30, 2025, Cintas has purchased a total of 2.7 million shares of Cintas common stock at an average price of $189.37 per share for a total purchase price of $505.2 million. On October 28, 2025, Cintas announced that the Board authorized a new $1.0 billion share buyback program, which does not have an expiration date. There were no share buybacks under the October 28, 2025 share buyback program through November 30, 2025.
(2) During September 2025, Cintas acquired 14,925 shares of Cintas common stock in trade for employee payroll taxes due on options exercised and restricted stock awards that vested during the fiscal year. These shares were acquired at an average price of $200.98 per share for a total purchase price of $3.0 million.
(3) During October 2025, Cintas acquired 50,401 shares of Cintas common stock in trade for employee payroll taxes due on options exercised and restricted stock awards that vested during the fiscal year. These shares were acquired at an average price of $191.23 per share for a total purchase price of $9.6 million.
(4) During November 2025, Cintas acquired 22,525 shares of Cintas common stock in trade for employee payroll taxes due on options exercised and restricted stock awards that vested during the fiscal year. These shares were acquired at an average price of $185.25 per share for a total purchase price of $4.2 million.
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