Cintas director granted phantom stock units
Barstad Melanie W. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Barstad Melanie W. reported acquisition or exercise transactions in this Form 4 filing.
Cintas director Melanie W. Barstad received 10.150 Phantom Stock Units as compensation. These units were credited on March 13, 2026 at a reference value of $194.2800 per unit, bringing her total Phantom Stock Unit balance to 4,393.3800 units.
The units reflect Barstad’s election to defer a portion of her cash retainer fees into the company’s Directors’ Deferred Compensation Plan. Each Phantom Stock Unit tracks the value of one share of Cintas common stock, including dividend equivalents, but is not an actual share and carries no voting rights. The units are payable only in cash after she terminates service as a director, making this a routine, cash-settled compensation arrangement rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 10.15 | $194.28 | $2K |
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.
FAQ
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What did Cintas (CTAS) director Melanie Barstad report on this Form 4?
How many Phantom Stock Units does Melanie Barstad hold in Cintas (CTAS) after this transaction?
What is the value reference used for the Cintas (CTAS) Phantom Stock Units granted to Melanie Barstad?
When will Melanie Barstad receive cash from her Cintas (CTAS) Phantom Stock Units?
Is this Cintas (CTAS) Form 4 transaction an open-market stock purchase or sale?
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