Cintas Corporation (CTAS) director granted 116 Phantom Stock Units via fee deferral
Rhea-AI Filing Summary
Coletti Robert E. reported acquisition or exercise transactions in this Form 4 filing.
Cintas Corporation director Robert E. Coletti received an award of 116.3300 Phantom Stock Units on July 28, 2026 by electing to defer a portion of his cash retainer fees under the Directors' Deferred Compensation Plan. Each unit has a value equal to one share of common stock but is cash-settled with no voting rights after his service as a director ends. Following this award, he directly holds 11363.1400 Phantom Stock Units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Coletti Robert E.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units F1 | 116.33 | $214.90 | $25K |
Holdings After Transaction:
Phantom Stock Units — 11,363.14 shares (Direct)
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
Phantom Stock Units granted: 116.3300 units
Unit reference value: $214.9000 per unit
Total Phantom Stock Units after transaction: 11363.1400 units
3 metrics
Phantom Stock Units granted
116.3300 units
Award to director on 2026-07-28 via deferral of cash retainer fees
Unit reference value
$214.9000 per unit
Each Phantom Stock Unit has a value equal to one share of common stock
Total Phantom Stock Units after transaction
11363.1400 units
Director’s direct Phantom Stock Unit holdings following the reported award
Key Terms
Phantom Stock Units, Directors' Deferred Compensation Plan, dividend equivalents, termination of service as a director
4 terms
Phantom Stock Units financial
"Reporting Person elected to defer ... into Phantom Stock Units pursuant"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Directors' Deferred Compensation Plan financial
"fees into Phantom Stock Units pursuant to the Directors' Deferred Compensation Plan"
dividend equivalents financial
"including dividend equivalents that have been credited as additional Phantom Stock Units"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
termination of service as a director financial
"Phantom Stock Units are payable only in cash after termination of service as a director"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Cintas (CTAS) director Robert E. Coletti report?
Robert E. Coletti reported the grant of 116.3300 Phantom Stock Units tied to his director cash retainer fees. These units track Cintas common stock value but are payable only in cash after his service as a director ends and carry no voting rights.
How many Phantom Stock Units does the CTAS director now hold after this Form 4?
After this reported award, Robert E. Coletti holds 11363.1400 Phantom Stock Units directly. These units reflect deferred director compensation, including credited dividend equivalents, and represent a cash-settled obligation based on the value of Cintas common stock.
How were the Phantom Stock Units in this CTAS Form 4 generated?
The Phantom Stock Units were created when Robert E. Coletti elected to defer a portion of his cash retainer fees into the Directors' Deferred Compensation Plan. Under this plan, fees convert into Phantom Stock Units that mirror Cintas common stock value but remain cash-settled.
What is the value basis of the Phantom Stock Units reported for CTAS?
Each Phantom Stock Unit has a value equal to one share of Cintas Corporation common stock. The Form 4 shows a reference value of $214.9000 per unit, though the units are not actual shares and do not provide voting rights to the director.
When will the CTAS Phantom Stock Units reported by the director be paid out?
According to the disclosure, the Phantom Stock Units are payable only in cash after the director’s termination of service on the Cintas board. Until that time, units track stock value and accumulate dividend equivalents but remain an unfunded compensation obligation.