Cintas director granted 99.76 phantom stock units
Cintas Corp director Ronald W. Tysoe reported a routine compensation-related transaction involving deferred fees.
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Rhea-AI Filing Summary
Cintas Corp director Ronald W. Tysoe reported a routine compensation-related transaction involving deferred fees. On this Form 4, he acquired 99.760 Phantom Stock Units tied to Cintas common stock, based on deferring a portion of his cash retainer fees under the Directors' Deferred Compensation Plan.
Each Phantom Stock Unit tracks the value of one share of Cintas common stock but is not an actual share and carries no voting rights. After this grant, Tysoe holds 38,838.700 Phantom Stock Units in total, which are payable only in cash after his service as a director ends.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 99.76 | $174.74 | $17K |
Footnotes (1)
- F1. Reporting Person elected to defer a portion of the Reporting Person's cash retainer fees into Phantom Stock Units pursuant to the Directors' Deferred Compensation Plan (including dividend equivalents that have been credited as additional Phantom Stock Units), each unit having a value equal to one share of Cintas Corporation common stock but are not actual shares of common stock and carry no voting rights. Phantom Stock Units are payable only in cash after termination of service as a director.
Key Figures
Key Terms
Phantom Stock Units financial
Directors' Deferred Compensation Plan financial
dividend equivalents financial
FAQ
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What insider transaction did Cintas (CTAS) director Ronald W. Tysoe report?
What are Phantom Stock Units in the Cintas (CTAS) Form 4 filing?
How many Phantom Stock Units does the Cintas (CTAS) director hold after this transaction?
Was the Cintas (CTAS) director’s Phantom Stock Unit transaction a market buy or sell?
When will the Cintas (CTAS) Phantom Stock Units reported by the director be paid?
AI-generated analysis. How Rhea-AI works. Not financial advice.