Cintas Corp (CTAS) director defers fees into 148 phantom stock units
Rhea-AI Filing Summary
Cintas Corp director Melanie W. Barstad acquired 148.3200 Phantom Stock Units on 2026-07-28 as a grant/award, valued at $214.9000 per unit and tied to Cintas common stock. The units result from her election to defer a portion of cash retainer fees under the Directors' Deferred Compensation Plan.
Each Phantom Stock Unit reflects the value of one share of Cintas common stock but is not an actual share, carries no voting rights, and is payable only in cash after her service as a director ends. Following this award, she holds a total of 4734.4500 Phantom Stock Units.
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Barstad Melanie W.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units F1 | 148.32 | $214.90 | $32K |
Holdings After Transaction:
Phantom Stock Units — 4,734.45 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 acquired: 148.3200 units
Per-unit value: $214.9000 per unit
Total Phantom Stock Units after transaction: 4734.4500 units
3 metrics
Phantom Stock Units acquired
148.3200 units
Grant/award acquisition on 2026-07-28 from deferred director cash retainer
Per-unit value
$214.9000 per unit
Value assigned to each Phantom Stock Unit tied to Cintas common stock
Total Phantom Stock Units after transaction
4734.4500 units
Director’s aggregate Phantom Stock Units following the reported award
Key Terms
Phantom Stock Units, Directors' Deferred Compensation Plan, dividend equivalents, voting rights
4 terms
Phantom Stock Units financial
"Reporting Person elected to defer ... 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
"defer a portion of the Reporting Person's 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.
voting rights financial
"each unit having a value equal to one share ... but are not actual shares of common stock and carry no voting rights"
Voting rights are the ability of shareholders to have a say in important company decisions, like choosing leaders or approving big changes. They matter because they give owners a voice in how the company is run, similar to how voters influence elections, ensuring the company acts in shareholders’ interests.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Melanie W. Barstad report on her Form 4 for Cintas (CTAS)?
Melanie W. Barstad reported the grant of 148.3200 Phantom Stock Units tied to Cintas common stock, received by deferring a portion of her director cash retainer under the Directors' Deferred Compensation Plan.
How many Phantom Stock Units did the Cintas (CTAS) director acquire and at what value?
Melanie W. Barstad acquired 148.3200 Phantom Stock Units, with each unit valued at $214.9000. The units mirror the value of one share of Cintas common stock but are cash-settled rather than actual shares.
What are Phantom Stock Units in the Cintas (CTAS) Form 4 filing?
The Phantom Stock Units are cash-settled units whose value equals one share of Cintas common stock. They are not actual shares, confer no voting rights, and are payable only in cash after the director’s service ends.
How many Phantom Stock Units does the Cintas (CTAS) director hold after this transaction?
After this transaction, Melanie W. Barstad holds 4734.4500 Phantom Stock Units. These units stem from deferred director fees and credited dividend equivalents and remain payable only in cash after her board service concludes.
Was the Cintas (CTAS) Form 4 transaction made under a Rule 10b5-1 trading plan?
The filing indicates the transaction was not made pursuant to a Rule 10b5-1 plan, as the related affirmation checkbox is not selected for this Form 4 reporting the Phantom Stock Unit award.
How were the Phantom Stock Units in the Cintas (CTAS) Form 4 generated?
The Phantom Stock Units were created when the director elected to defer part of her cash retainer fees into units under the Directors' Deferred Compensation Plan, including dividend equivalents credited as additional units.