Cintas (CTAS) director details phantom stock unit deferred compensation
Rhea-AI Filing Summary
Cintas Corporation director Ronald W. Tysoe reported a series of historical equity-related transactions on a Form 4, covering fee deferrals into phantom stock units under the company’s Directors' Deferred Compensation Plan. The table lists multiple acquisitions of phantom stock units between 11/11/2011 and 10/03/2013, all coded as acquisitions and held as direct beneficial ownership. After the final reported transaction, he held 29,857.86 phantom stock units.
These phantom stock units are tied in value to one share of Cintas common stock but are not actual shares and carry no voting rights; they are payable only in cash after the director’s service ends. The company notes that, following a four-for-one stock split completed on September 4, 2024, all share amounts and prices in this report have been adjusted. This filing is identified as the third of five separate submissions made on the same date to cover a total of 134 individual transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 27.79 | $12.60 | $350.15 |
| Grant/Award | Phantom Stock Units | 27.51 | $12.72 | $349.93 |
| Grant/Award | Phantom Stock Units | 679.51 | $11.81 | $8K |
| Grant/Award | Phantom Stock Units | 155.62 | $11.73 | $2K |
| Grant/Award | Phantom Stock Units | 29.44 | $11.89 | $350.04 |
| Grant/Award | Phantom Stock Units | 29.24 | $11.97 | $350.00 |
| Grant/Award | Phantom Stock Units | 656.22 | $11.16 | $7K |
| Grant/Award | Phantom Stock Units | 163.06 | $11.19 | $2K |
| Grant/Award | Phantom Stock Units | 31.77 | $11.02 | $350.11 |
| Grant/Award | Phantom Stock Units | 30.78 | $11.37 | $349.97 |
| Grant/Award | Phantom Stock Units | 864.84 | $10.58 | $9K |
| Grant/Award | Phantom Stock Units | 33.19 | $10.55 | $350.15 |
| Grant/Award | Phantom Stock Units | 32.98 | $10.61 | $349.92 |
| Grant/Award | Phantom Stock Units | 419.99 | $10.16 | $4K |
| Grant/Award | Phantom Stock Units | 694.81 | $10.54 | $7K |
| Grant/Award | Phantom Stock Units | 173.81 | $10.50 | $2K |
| Grant/Award | Phantom Stock Units | 31.28 | $10.55 | $330.00 |
| Grant/Award | Phantom Stock Units | 32.05 | $10.30 | $330.12 |
| Grant/Award | Phantom Stock Units | 817.96 | $9.38 | $8K |
| Grant/Award | Phantom Stock Units | 187.38 | $9.39 | $2K |
| Grant/Award | Phantom Stock Units | 33.49 | $9.85 | $329.88 |
| Grant/Award | Phantom Stock Units | 715.38 | $9.80 | $7K |
| Grant/Award | Phantom Stock Units | 182.9 | $9.62 | $2K |
| Grant/Award | Phantom Stock Units | 33.61 | $9.82 | $330.05 |
| Grant/Award | Phantom Stock Units | 32.78 | $10.07 | $330.09 |
| Grant/Award | Phantom Stock Units | 853.05 | $9.51 | $8K |
| Grant/Award | Phantom Stock Units | 70.61 | $9.35 | $660.20 |
| Grant/Award | Phantom Stock Units | 36.26 | $9.10 | $329.97 |
| Grant/Award | Phantom Stock Units | 43.04 | $7.67 | $330.12 |
| Grant/Award | Phantom Stock Units | 410.51 | $7.34 | $3K |
Footnotes (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. On September 4, 2024, Cintas Corporation completed a four-for-one stock split of its common stock. All share amounts and stock prices have been adjusted to give effect to this stock split.