Sundar PichaiSundar Pichai earned $164M in 2023

Scott D. Farmer has been leading Cintas Corporation as CEO since 2003, guiding the company through various challenges and ensuring its growth. Under his leadership, Cintas maintained strong performance during tough times like the COVID-19 pandemic. He's earned a reputation...

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Scott D. Farmer

CEO of Cintas

Education

Bachelor's degree in Business Administration from the University of Cincinnati

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1964 - 61 years ago

CEO of Cintas for

21 years 7 months (Sep 2003 - Present)

Previous Experience

Various roles at Cintas Corporation since 1991

Holdings

See how much did Scott D. Farmer make over time.

Scott D. Farmer has built a substantial portfolio in Cintas stock, valued in the millions. His holdings peaked during strong financial years, emphasizing his commitment to the company's success. As of late 2021, his direct stock ownership exceeded 14 million...

Mar 18, 2025

Charitable Transactions

CTAS

2 shares

CTAS

Recent Charitable Transactions

CTAS

0.5 shares

CTAS

May 31, 2024

Charity

Insider Trading

See recent insider trades of Scott D. Farmer.

CTAS

$5.16M

CTAS at $759.63/share

Aug 12, 2024

Received

CTAS

0.5 shares

CTAS

May 31, 2024

Charity

CTAS

$4.96M

CTAS at $490.16/share

Aug 10, 2023

Received

CTAS

538.5 shares

CTAS

May 31, 2023

Inheritance

CTAS

$4.19M

CTAS at $397.83/share

Jul 26, 2022

Received

CTAS

$11.62M

CTAS at $388.86/share

Jul 27, 2021

Received

CTAS

$9.99M

CTAS at $259.03/share

Jul 22, 2019

Received

CTAS

40,000 shares

CTAS

Jul 12, 2019

Charity

CTAS

$17.08M

CTAS at $202.73/share

Jul 30, 2018

Received

CTAS

$13.16M

CTAS at $134.45/share

Aug 7, 2017

Received

Compensation History

See how much did Scott D. Farmer make over time.

In 2021, Scott D. Farmer's total compensation was around $9 million, which included a base salary of over $1 million and stock awards worth roughly $5 million. His bonus structure is tied to Cintas' earnings per share (EPS) and sales growth, illustrating a performance-based approach to compensation. Over the years, particularly notable was his 2021 bonus, which resulted from the company exceeding financial targets despite pandemic challenges. Farmer's compensation reflects not only his leadership role but also his deep involvement in ensuring Cintas' success. The company’s compensation philosophy stresses aligning pay with performance, which is evident in the significant incentives based on achieving set goals.

Year

2022

Total Compensation

$6.46M

Salary

$500.00K

Board Justification

Cintas' compensation philosophy for the CEO in 2022 focused on maximizing long-term shareholder value by aligning compensation with company performance, attracting and retaining talented individuals, and motivating them to contribute to Cintas' success.

Bonus

$850.00K

Board Justification

The bonus for Scott D. Farmer in 2022 was based on achieving financial objectives related to Cintas' EPS and sales growth, as well as non-financial goals related to safety. The bonus could range from 0% to a maximum of 185% of the target annual cash incentive.

Other

$338.77K

Board Justification

Other compensation for Scott D. Farmer in 2022 included reimbursements or payments for automobile allowances, executive medical program participation, Partner's Plan contributions, restricted stock dividends, and financial planning fees.

Restricted Stock

$4.77M(10.12K Restricted Stock)

Board Justification

Scott D. Farmer received 10,116 shares of restricted stock that vested in 2022. These shares were awarded based on the achievement of Cintas' fiscal 2023 EPS and sales growth goals.

Performance Metrics

The performance metrics for Scott D. Farmer's compensation in 2022 included Cintas' diluted EPS, sales growth, and the accomplishment of certain individual goals related to safety.

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