Cintas director granted 12 phantom stock units

Cintas director Melanie W. Barstad deferred a portion of her cash retainer into additional cash-settled phantom stock units tied to CTAS common stock.

Rhea-AI Filing Summary

CINTAS CORP (symbol: CTAS) is the issuer of record for a Form 4 filing submitted to the SEC. Barstad Melanie W. reported acquisition or exercise transactions in this Form 4 filing.

Cintas Corp (CTAS) director Melanie W. Barstad reported an award of 12.37 Phantom Stock Units on September 15, 2026, credited at a reference value of $198.95 per unit. Following this grant, she holds a total of 4,746.82 Phantom Stock Units, which track Cintas common stock but are cash-settled, non-voting units payable only after her service as a director ends.

Insider Trade Summary

Grant/Award: 12.37 shares

Grant/Award 1 txn

Insider Barstad Melanie W.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units F1	12.37	$198.95	$2K

Holdings After Transaction: Phantom Stock Units — 4,746.82 contracts (Direct)

Footnotes (1)

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 (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.

Key Figures

Phantom Stock Units granted: 12.37 units Reference value per Phantom Stock Unit: $198.95 per unit Total Phantom Stock Units after transaction: 4,746.82 units +2 more

5 metrics

Phantom Stock Units granted 12.37 units Grant/award acquisition on September 15, 2026

Reference value per Phantom Stock Unit $198.95 per unit Value used for the September 15, 2026 grant

Total Phantom Stock Units after transaction 4,746.82 units Holdings following the September 15, 2026 award

Underlying security shares 12.37 shares equivalent Each Phantom Stock Unit tracks one share of Cintas common stock in value

Reporting person role Director Melanie W. Barstad serves as a director of Cintas Corp

Key Terms

Phantom Stock Units, Directors' Deferred Compensation Plan, dividend equivalents, termination of service as a director

4 terms

Phantom Stock Units financial

"Reporting Person elected to defer ... 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 (including dividend equivalents..."

dividend equivalents financial

"including dividend equivalents that have been credited as additional Phantom Stock Units"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

termination of service as a director regulatory

"Phantom Stock Units are payable only in cash after termination of service as a director"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CTAS director Melanie W. Barstad report?

She reported an award of 12.37 Phantom Stock Units on September 15, 2026, as part of her director compensation, increasing her total Phantom Stock Unit holdings to 4,746.82 units that track Cintas common stock in value.

How are the Phantom Stock Units for CTAS director Melanie Barstad valued?

Each Phantom Stock Unit is credited at a value equal to one share of Cintas Corporation common stock. The September 15, 2026 grant referenced a per-unit value of $198.95, but the units themselves are not actual shares and carry no voting rights.

Does Cintas (CTAS) director Melanie Barstad receive actual CTAS shares from this Form 4 transaction?

No. The filing states the award is in Phantom Stock Units, which are not actual shares of common stock and carry no voting rights. They mirror the value of CTAS stock but are payable only in cash after her termination of service as a director.

What plan governs the CTAS Phantom Stock Units reported by Melanie Barstad?

The units arise under the Directors' Deferred Compensation Plan. The footnote explains she elected to defer a portion of her cash retainer fees into Phantom Stock Units, including dividend equivalents credited as additional units.

When will Melanie Barstad’s CTAS Phantom Stock Units be paid out?

According to the disclosure, the Phantom Stock Units are payable only in cash and only after termination of service as a director. Until then, they track the value of Cintas common stock but remain non-voting and cash-settled.

Was Melanie Barstad’s CTAS Form 4 transaction made under a Rule 10b5-1 plan?

No Rule 10b5-1 trading plan is reported. The document-level checkbox is not marked as a 10b5-1 plan, and the footnote describes the award as an election to defer cash retainer fees into Phantom Stock Units under the director plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/17/2026 - 04:47 PM Accepted by SEC EDGAR 09/17/2026 - 04:47 PM Learn about SEC filing dates

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)
09/15/2026

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)
			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)	09/15/2026		A		12.37		(1)	(1)	Common Stock	12.37	$198.95	4,746.82	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.

	/s/ Brock Denton as Attorney-in-Fact for Melanie W. Barstad	09/17/2026
	** 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)