Cintas (CTAS) director defers fees into 28.88 phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cintas Corp director Robert E. Coletti reported an acquisition of 28.88 Phantom Stock Units tied to Cintas common stock. These units result from deferring a portion of his cash retainer fees under the Directors' Deferred Compensation Plan and bring his total Phantom Stock Units to 11,246.81.
The units mirror the value of one Cintas share each and include credited dividend equivalents, but they are not actual shares, carry no voting rights, and will be settled only in cash after his service as a director ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Coletti Robert E.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 28.88 | $174.74 | $5K |
Holdings After Transaction:
Phantom Stock Units — 11,246.81 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Phantom stock units granted: 28.88 units
Unit value: $174.74 per unit
Total phantom units after transaction: 11,246.81 units
+1 more
4 metrics
Phantom stock units granted
28.88 units
Grant on 2026-06-15 for director fee deferral
Unit value
$174.74 per unit
Value of each Phantom Stock Unit on grant
Total phantom units after transaction
11,246.81 units
Director’s Phantom Stock Units balance following grant
Underlying common stock equivalent
28.88 shares
Each unit linked to one share of Cintas common stock
Key Terms
Phantom Stock Units, Directors' Deferred Compensation Plan, dividend equivalents
3 terms
Phantom Stock Units financial
"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"
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
"cash retainer 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.
FAQ
What did Cintas (CTAS) director Robert E. Coletti report on this Form 4?
Robert E. Coletti reported receiving 28.88 Phantom Stock Units. These units were credited after he chose to defer part of his director cash retainer fees, increasing his total Phantom Stock Units balance to 11,246.81 under Cintas’ Directors' Deferred Compensation Plan.
What are Phantom Stock Units in the Cintas (CTAS) director plan?
Cintas Phantom Stock Units track the value of one share of Cintas common stock. They are bookkeeping entries, not actual shares, and carry no voting rights. Units are payable only in cash to the director after termination of board service, including credited dividend equivalents.
How many Phantom Stock Units does Robert E. Coletti hold after this Cintas (CTAS) transaction?
After this transaction, Robert E. Coletti holds 11,246.81 Phantom Stock Units. This reflects the newly credited 28.88 units from his deferred cash retainer fees, plus previously accumulated units and dividend equivalents under the Directors' Deferred Compensation Plan.
How were the new Cintas (CTAS) Phantom Stock Units for Robert E. Coletti valued?
The 28.88 Phantom Stock Units were valued at $174.74 per unit. Each unit’s value equals one share of Cintas common stock on the grant date, but the award is a cash-settled obligation rather than an actual stock issuance with shareholder voting rights.
When will Cintas (CTAS) director Robert E. Coletti receive payment for his Phantom Stock Units?
Payment for Robert E. Coletti’s Phantom Stock Units will occur only in cash after his termination of service as a director. Until then, the units accrue value and dividend equivalents but remain bookkeeping entries without share ownership or voting power.