Cintas (CTAS) director defers fees into Phantom Stock Units award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Barstad Melanie W. reported acquisition or exercise transactions in this Form 4 filing.

Cintas Corporation director Melanie W. Barstad received a grant of 180.96 Phantom Stock Units on April 14, 2026 as part of her compensation. She elected to defer a portion of her cash retainer fees into these units under the Directors' Deferred Compensation Plan.

Each Phantom Stock Unit tracks the value of one share of Cintas common stock but is not an actual share and carries no voting rights. After this award, Barstad holds 4,574.34 Phantom Stock Units, which are payable only in cash after her service as a director ends.

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	180.96	$176.14	$32K

Holdings After Transaction: Phantom Stock Units — 4,574.34 shares (Direct)

Footnotes (1)

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Key Figures

Phantom Stock Units granted: 180.96 units Reference value per unit: $176.14 per unit Total Phantom Stock Units after grant: 4,574.34 units +1 more

4 metrics

Phantom Stock Units granted 180.96 units Grant on April 14, 2026

Reference value per unit $176.14 per unit Value used for Phantom Stock Units grant

Total Phantom Stock Units after grant 4,574.34 units Director holdings following reported transaction

Conversion or exercise price $0.00 Phantom Stock Units have no exercise price

Key Terms

Phantom Stock Units, Directors' Deferred Compensation Plan, cash retainer fees, voting rights

4 terms

Phantom Stock Units financial

"Phantom Stock Units pursuant to the Directors' Deferred Compensation Plan, each unit having a value equal to one share"

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"

cash retainer fees financial

"elected to defer a portion of the Reporting Person's cash retainer fees into Phantom Stock Units"

voting rights financial

"common stock 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.

Form 4 Insider Transactions: What Each Field Means →

04/16/2026 - 07:52 PM

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

OHIO

45040

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units	⁽¹⁾	04/14/2026		A		180.96		⁽¹⁾	⁽¹⁾	Common Stock	180.96	$176.14	4,574.34	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, 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.

	/s/ Brock Denton as Attorney-in-Fact for Melanie W. Barstad	04/16/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Cintas (CTAS) director Melanie Barstad report in this Form 4?

Director Melanie W. Barstad reported receiving 180.96 Phantom Stock Units as compensation. These units result from deferring part of her cash retainer fees and increase her total Phantom Stock Units to 4,574.34, all tied to Cintas common stock value but payable only in cash.

Are the Phantom Stock Units reported by Cintas (CTAS) actual shares?

The Phantom Stock Units are not actual Cintas shares and carry no voting rights. Each unit’s value equals one share of Cintas common stock, but they function as a cash-based deferred compensation promise, settled only in cash after director service ends.

How many Phantom Stock Units does the Cintas (CTAS) director hold after this transaction?

After the award, Melanie W. Barstad holds 4,574.34 Phantom Stock Units. This total reflects her accumulated deferrals of cash retainer fees into the Directors' Deferred Compensation Plan rather than ownership of actual Cintas common shares with voting rights.

What price was used for the new Phantom Stock Units at Cintas (CTAS)?

The 180.96 Phantom Stock Units were credited at a reference value of $176.14 per unit. Each unit mirrors the value of one Cintas common share, providing equity-linked exposure through deferred cash compensation instead of direct stock ownership.

When will the Cintas (CTAS) Phantom Stock Units be paid to the director?

The Phantom Stock Units are payable only in cash after Melanie W. Barstad’s service as a director ends. Until then, they remain as deferred compensation units tracking Cintas common stock value, without conferring any voting rights or actual share ownership.