STOCK TITAN

Cintas (CTAS) director reports 4,218.71 phantom stock units from deferred fees

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Cintas Corporation director reports deferred compensation into phantom stock units. Director Melanie W. Barstad filed a report showing multiple acquisitions of phantom stock units linked to Cintas common stock, beginning with the earliest reported transaction on 10/29/2024.

Across a series of transactions dated through 12/15/2025, Barstad elected to defer portions of cash retainer fees into phantom stock units under the Directors' Deferred Compensation Plan, including dividend equivalents credited as additional units. Each unit has a value equal to one share of Cintas common stock but is not an actual share and carries no voting rights.

Following the latest reported transaction on 12/15/2025, Barstad beneficially owned 4,218.71 phantom stock units, which are payable only in cash after termination of service as a director.

Positive

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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Barstad Melanie W.

(Last) (First) (Middle)
P.O. BOX 625737

(Street)
MASON OH 45040

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CINTAS CORP [ CTAS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/29/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units (1) 10/29/2024 A 134.48 (1) (1) Common Stock 134.48 $209.14 3,535.42 D
Phantom Stock Units (1) 11/15/2024 A 6.41 (1) (1) Common Stock 6.41 $215.2 3,541.82 D
Phantom Stock Units (1) 01/14/2025 A 165.77 (1) (1) Common Stock 165.77 $192.28 3,707.6 D
Phantom Stock Units (1) 02/14/2025 A 7.08 (1) (1) Common Stock 7.08 $204.22 3,714.68 D
Phantom Stock Units (1) 04/08/2025 A 167.67 (1) (1) Common Stock 167.67 $190.11 3,882.34 D
Phantom Stock Units (1) 05/15/2025 A 6.93 (1) (1) Common Stock 6.93 $218.49 3,889.27 D
Phantom Stock Units (1) 07/29/2025 A 143.14 (1) (1) Common Stock 143.14 $222.68 4,032.42 D
Phantom Stock Units (1) 08/15/2025 A 8.38 (1) (1) Common Stock 8.38 $216.55 4,040.8 D
Phantom Stock Units (1) 10/28/2025 A 167.86 (1) (1) Common Stock 167.86 $189.89 4,208.66 D
Phantom Stock Units (1) 12/15/2025 A 10.05 (1) (1) Common Stock 10.05 $188.45 4,218.71 D
Explanation of Responses:
1. 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.
Remarks:
This Form 4 is the second of two Form 4s filed by the Reporting Person on the same date, December 17, 2025. The Form 4 has been split into two filings to cover all 40 individual transactions because the SEC's EDGAR filing system limits a single Form 4 to a maximum of 30 separate transactions.
/s/ Melanie W. Barstad 12/17/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Cintas (CTAS) disclose about director compensation in this report?

The report shows that director Melanie W. Barstad elected to defer portions of her cash retainer fees into phantom stock units tied to Cintas common stock under the Directors' Deferred Compensation Plan.

How many phantom stock units does the Cintas (CTAS) director hold after these transactions?

After the latest reported transaction dated 12/15/2025, the director beneficially owned 4,218.71 phantom stock units linked to Cintas common stock.

Do the phantom stock units reported by the Cintas (CTAS) director represent actual shares?

No. Each phantom stock unit has a value equal to one share of Cintas Corporation common stock but is not an actual share and carries no voting rights.

When will the Cintas (CTAS) director receive payment for the phantom stock units?

According to the disclosure, the phantom stock units are payable only in cash and only after termination of service as a director.

What time period do the Cintas (CTAS) director phantom stock transactions cover?

The reported phantom stock unit acquisitions begin with the earliest transaction dated 10/29/2024 and continue through at least 12/15/2025.

Are dividend equivalents included in the Cintas (CTAS) phantom stock units?

Yes. The explanation states that dividend equivalents have been credited as additional phantom stock units under the Directors' Deferred Compensation Plan.
Cintas Corp

NASDAQ:CTAS

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76.31B
341.92M
15.11%
67.41%
1.8%
Specialty Business Services
Men's & Boys' Furnishgs, Work Clothg, & Allied Garments
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United States
CINCINNATI