Cintas director awarded 28.88 phantom stock units
Cintas Corp director Robert E. Coletti reported an acquisition of 28.88 Phantom Stock Units tied to Cintas common stock.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 28.88 | $174.74 | $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.
Key Figures
Key Terms
Phantom Stock Units financial
Directors' Deferred Compensation Plan financial
dividend equivalents financial
FAQ
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What did Cintas (CTAS) director Robert E. Coletti report on this Form 4?
What are Phantom Stock Units in the Cintas (CTAS) director plan?
How many Phantom Stock Units does Robert E. Coletti hold after this Cintas (CTAS) transaction?
How were the new Cintas (CTAS) Phantom Stock Units for Robert E. Coletti valued?
When will Cintas (CTAS) director Robert E. Coletti receive payment for his Phantom Stock Units?
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