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...

Current Market Cap

$22.07B

Number of Employees

46.5K

Total Compensation

2018 - 2022

Trending down by -81.53% last year
Showing total compensation for the last 2018 - 2022

Stock

Down by -85.64% last year

Salary

Up by 0.00% last year

Bonus

Up by 0.00% last year

Other

Down by -16.77% last year

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.

SEC Filing

From September 12, 2023