Cintas director defers pay into phantom stock units
Cintas Corporation director Robert E. Coletti reported an acquisition of derivative securities tied to the company’s stock.
Rhea-AI Filing Summary
Cintas Corporation director Robert E. Coletti reported an acquisition of derivative securities tied to the company’s stock. On January 20, 2026, he received 129.04 Phantom Stock Units at a reference value of $193.74 per unit under the Directors' Deferred Compensation Plan, bringing his total to 11,050.4 Phantom Stock Units held directly.
The filing explains that these Phantom Stock Units track the value of one share of Cintas common stock each but are not actual shares, carry no voting rights, and represent deferred cash compensation. They are payable only in cash after Coletti’s service as a director ends, so this reflects compensation deferral 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 | 129.04 | $193.74 | $25K |
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, 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 Robert E. Coletti report in this Form 4?
How and when are the Cintas (CTAS) Phantom Stock Units payable to the director?
What was the reference value used for the Cintas (CTAS) Phantom Stock Units in this transaction?
Did the Cintas (CTAS) director buy or sell common stock in the market in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.