[Form 4] CINTAS CORP Insider Trading Activity
Rhea-AI Filing Summary
Cintas director Robert E. Coletti reported an acquisition of phantom stock units as part of his board compensation. On this Form 4, he received 25.590 phantom stock units valued at $194.2800 per unit, bringing his total phantom stock unit balance to 11,075.990 units.
The footnote explains that Coletti elected to defer a portion of his cash retainer fees into these phantom stock units under the Directors' Deferred Compensation Plan. Each unit tracks the value of one share of Cintas common stock but is not an actual share, carries no voting rights, and is payable only in cash after he leaves the board.
Positive
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Insights
Routine director fee deferral into cash-settled phantom units.
Director Robert E. Coletti converted a portion of his cash retainer into 25.590 phantom stock units tied to Cintas common stock at $194.2800 per unit. This is recorded as a derivative award, lifting his phantom unit balance to 11,075.990 units.
The footnote clarifies these are bookkeeping entries, not actual shares, with no voting rights and cash-only settlement after board service ends. Because there is no open-market buying or selling and the grant size is modest relative to the company, the event appears routine and administrative in nature.
Subsequent filings may provide additional detail on future deferrals or changes in Coletti’s overall equity-linked compensation, but this specific transaction mainly reflects ongoing participation in the directors' deferred compensation plan rather than a discretionary market bet.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 25.59 | $194.28 | $5K |
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.
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