Cintas director awarded phantom stock units
Coletti Robert E. reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Coletti Robert E. reported acquisition or exercise transactions in this Form 4 filing.
Cintas Corp director Robert E. Coletti received a grant of 141.93 Phantom Stock Units tied to Cintas common stock at a reference price of $176.14 per unit. These units reflect a deferral of a portion of his director cash retainer fees under the Directors' Deferred Compensation Plan.
Following this award, Coletti holds 11,217.92 Phantom Stock Units directly. The units mirror the value of Cintas common shares but are not actual stock, carry no voting rights, and are payable only in cash after his service as a director ends, so this is a compensation and deferral event rather than an open-market trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 141.93 | $176.14 | $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.
Key Figures
Key Terms
Phantom Stock Units financial
Directors' Deferred Compensation Plan financial
cash retainer fees financial
FAQ
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What did Cintas (CTAS) director Robert E. Coletti report on this Form 4?
How many Phantom Stock Units does Robert E. Coletti now hold in Cintas (CTAS)?
Are the Phantom Stock Units in Cintas (CTAS) an open-market purchase or sale?
Do Cintas (CTAS) Phantom Stock Units give Robert E. Coletti voting rights?
When will Cintas (CTAS) pay out Robert E. Coletti’s Phantom Stock Units?
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