STOCK TITAN

Cintas (CTAS) director details deferred fees into phantom stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Cintas Corporation director and assistant secretary reported ongoing deferrals of board cash retainer fees into phantom stock units tied to Cintas common stock. The transactions span multiple dates from December 12, 2016 through January 11, 2022, with each phantom stock unit valued like one share of Cintas common stock but providing no actual shares or voting rights.

Following the most recent reported transaction on January 11, 2022, the reporting person beneficially owned 8,128.84 phantom stock units on a direct basis. These phantom stock units are payable only in cash after the reporting person’s termination of service as a director. All share amounts and stock prices reflect Cintas Corporation’s four-for-one stock split completed on September 4, 2024.

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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*
Coletti Robert E.

(Last) (First) (Middle)
8044 MONTGOMERY RD
SUITE 480

(Street)
CINCINNATI OH 45236

(City) (State) (Zip)
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
X Officer (give title below) Other (specify below)
Assistant Secretary
3. Date of Earliest Transaction (Month/Day/Year)
12/12/2016
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units (1)(2) 12/12/2016 A 66.46 (1) (1) Common Stock 66.46 $30.1 66.46 D
Phantom Stock Units (1)(2) 01/18/2017 A 718.61 (1) (1) Common Stock 718.61 $28.49 785.07 D
Phantom Stock Units (1)(2) 04/11/2017 A 607.51 (1) (1) Common Stock 607.51 $30.74 1,392.58 D
Phantom Stock Units (1)(2) 08/08/2017 A 560.01 (1) (1) Common Stock 560.01 $33.35 1,952.59 D
Phantom Stock Units (1)(2) 10/17/2017 A 494.54 (1) (1) Common Stock 494.54 $37.76 2,447.13 D
Phantom Stock Units (1)(2) 11/10/2017 A 27.13 (1) (1) Common Stock 27.13 $36.53 2,474.27 D
Phantom Stock Units (1)(2) 01/09/2018 A 508 (1) (1) Common Stock 508 $40.31 2,982.27 D
Phantom Stock Units (1)(2) 04/10/2018 A 438.56 (1) (1) Common Stock 438.56 $42.58 3,420.83 D
Phantom Stock Units (1)(2) 07/31/2018 A 365.32 (1) (1) Common Stock 365.32 $51.12 3,786.14 D
Phantom Stock Units (1)(2) 10/30/2018 A 419.92 (1) (1) Common Stock 419.92 $44.47 4,206.07 D
Phantom Stock Units (1)(2) 11/09/2018 A 48.11 (1) (1) Common Stock 48.11 $44.81 4,254.18 D
Phantom Stock Units (1)(2) 01/08/2019 A 427.54 (1) (1) Common Stock 427.54 $43.68 4,681.72 D
Phantom Stock Units (1)(2) 04/09/2019 A 364.87 (1) (1) Common Stock 364.87 $51.18 5,046.59 D
Phantom Stock Units (1)(2) 07/23/2019 A 314.05 (1) (1) Common Stock 314.05 $65.2 5,360.64 D
Phantom Stock Units (1)(2) 10/29/2019 A 305.99 (1) (1) Common Stock 305.99 $68.63 5,666.62 D
Phantom Stock Units (1)(2) 11/08/2019 A 55.39 (1) (1) Common Stock 55.39 $65.22 5,722.01 D
Phantom Stock Units (1)(2) 01/14/2020 A 298.38 (1) (1) Common Stock 298.38 $70.38 6,020.39 D
Phantom Stock Units (1)(2) 04/14/2020 A 416.46 (1) (1) Common Stock 416.46 $50.43 6,436.85 D
Phantom Stock Units (1)(2) 07/28/2020 A 171.69 (1) (1) Common Stock 171.69 $73.39 6,608.54 D
Phantom Stock Units (1)(2) 10/27/2020 A 259.25 (1) (1) Common Stock 259.25 $81 6,867.79 D
Phantom Stock Units (1)(2) 11/06/2020 A 70.82 (1) (1) Common Stock 70.82 $85.23 6,938.61 D
Phantom Stock Units (1)(2) 01/19/2021 A 260.84 (1) (1) Common Stock 260.84 $80.51 7,199.45 D
Phantom Stock Units (1)(2) 02/15/2021 A 15.77 (1) (1) Common Stock 15.77 $85.61 7,215.22 D
Phantom Stock Units (1)(2) 04/13/2021 A 236.3 (1) (1) Common Stock 236.3 $88.87 7,451.52 D
Phantom Stock Units (1)(2) 05/15/2021 A 15.61 (1) (1) Common Stock 15.61 $89.52 7,467.13 D
Phantom Stock Units (1)(2) 07/27/2021 A 218.59 (1) (1) Common Stock 218.59 $97.22 7,685.71 D
Phantom Stock Units (1)(2) 08/13/2021 A 18.75 (1) (1) Common Stock 18.75 $97.35 7,704.46 D
Phantom Stock Units (1)(2) 10/26/2021 A 197.44 (1) (1) Common Stock 197.44 $107.63 7,901.91 D
Phantom Stock Units (1)(2) 11/15/2021 A 17.1 (1) (1) Common Stock 17.1 $109.73 7,919.01 D
Phantom Stock Units (1)(2) 01/11/2022 A 209.82 (1) (1) Common Stock 209.82 $101.28 8,128.84 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 (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.
2. 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.
Remarks:
This Form 4 is the first of three Form 4s filed by the Reporting Person on the same date, December 17, 2025. The Form 4 has been split into three filings to cover all 61 individual transactions because the SEC's EDGAR filing system limits a single Form 4 to a maximum of 30 separate transactions.
/s/ Robert E. Coletti 12/17/2025
** 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.

FAQ

What insider activity did Cintas (CTAS) disclose in this Form 4?

The report shows a Cintas Corporation director and assistant secretary deferring portions of cash retainer fees into phantom stock units tied to Cintas common stock over multiple dates.

How many phantom stock units does the Cintas (CTAS) insider hold after the reported transactions?

After the most recent reported transaction on January 11, 2022, the reporting person beneficially owned 8,128.84 phantom stock units, held directly.

What are phantom stock units in the Cintas (CTAS) deferred compensation plan?

Each phantom stock unit has a value equal to one share of Cintas Corporation common stock but is not an actual share, carries no voting rights, and is payable only in cash after the director’s service ends.

Over what period were the Cintas (CTAS) phantom stock unit transactions reported?

The table lists phantom stock unit awards with transaction dates from December 12, 2016 through January 11, 2022 as part of the director’s deferred compensation elections.

How did the Cintas (CTAS) stock split affect the reported phantom stock units?

Cintas Corporation completed a four-for-one stock split of its common stock on September 4, 2024, and all reported share amounts and stock prices for the phantom stock units have been adjusted to reflect this split.

When will the Cintas (CTAS) phantom stock units be paid to the insider?

The phantom stock units are payable only in cash and only after termination of service as a director, according to the Directors' Deferred Compensation Plan.

Why were multiple Cintas (CTAS) insider reports filed on the same date?

The report notes it is the first of three filings made on December 17, 2025, because the insider’s 61 individual transactions exceeded the 30-transaction limit of the SEC’s EDGAR system for a single form.

Cintas Corp

NASDAQ:CTAS

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CTAS Stock Data

78.74B
339.99M
15.11%
67.41%
1.8%
Specialty Business Services
Men's & Boys' Furnishgs, Work Clothg, & Allied Garments
Link
United States
CINCINNATI