Cintas (CTAS) director defers fees into 141.93 phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Coletti Robert E.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 141.93 | $176.14 | $25K |
Holdings After Transaction:
Phantom Stock Units — 11,217.92 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Phantom Stock Units granted: 141.93 units
Reference price per unit: $176.14 per unit
Total Phantom Stock Units held: 11,217.92 units
3 metrics
Phantom Stock Units granted
141.93 units
Grant/award on 2026-04-14
Reference price per unit
$176.14 per unit
Value per Phantom Stock Unit at grant
Total Phantom Stock Units held
11,217.92 units
Holdings following reported transaction
Key Terms
Phantom Stock Units, Directors' Deferred Compensation Plan, cash retainer fees
3 terms
Phantom Stock Units financial
"cash retainer fees 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
"pursuant to the Directors' Deferred Compensation Plan, each unit having a value equal to one share"
cash retainer fees financial
"elected to defer a portion of the Reporting Person's cash retainer fees into Phantom Stock Units"
FAQ
What did Cintas (CTAS) director Robert E. Coletti report on this Form 4?
Robert E. Coletti reported receiving 141.93 Phantom Stock Units tied to Cintas common stock at $176.14 per unit. These units come from deferring part of his director cash retainer fees into the company’s Directors' Deferred Compensation Plan.
How many Phantom Stock Units does Robert E. Coletti now hold in Cintas (CTAS)?
After the latest award, Robert E. Coletti holds 11,217.92 Phantom Stock Units. These units track the value of Cintas common stock but are bookkeeping entries only, with no voting rights and settlement in cash after his board service ends.
Are the Phantom Stock Units in Cintas (CTAS) an open-market purchase or sale?
The Phantom Stock Units represent a grant and deferral of director cash retainer fees, not an open-market stock purchase or sale. They are credited under the Directors' Deferred Compensation Plan rather than bought or sold on an exchange.
Do Cintas (CTAS) Phantom Stock Units give Robert E. Coletti voting rights?
No, Phantom Stock Units do not provide voting rights. Each unit’s value equals one share of Cintas common stock, but they are not actual shares, carry no voting power, and are ultimately settled only in cash after the director’s service terminates.
When will Cintas (CTAS) pay out Robert E. Coletti’s Phantom Stock Units?
Phantom Stock Units are payable only in cash after Robert E. Coletti’s service as a director ends. Until then, they function as deferred compensation entries whose value mirrors Cintas common stock but without actual share ownership or voting rights.