[Form 4] CINTAS CORP Insider Trading Activity
Rhea-AI Filing Summary
Cintas Corporation director Melanie W. Barstad reported multiple transactions in phantom stock units linked to Cintas common stock. From 01/19/2021 through 08/15/2024, she acquired small, recurring amounts of phantom stock units, such as 296.55 units at a reference price of $80.51 on 01/19/2021 and 6.9 units at $191.94 on 08/15/2024. After the 08/15/2024 transaction, she beneficially owned 3,400.94 phantom stock units on a direct basis.
These units arise because the reporting person elected to defer a portion of her cash retainer fees into phantom stock units under the Directors' Deferred Compensation Plan, including dividend equivalents credited as additional units. Each phantom stock unit has a value equal to one share of Cintas common stock but is not an actual share and carries no voting rights. The phantom stock units are payable only in cash after termination of service as a director. All share amounts and stock prices have been adjusted for Cintas Corporation's four-for-one stock split of its common stock completed on September 4, 2024.
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FAQ
What insider activity did Cintas (CTAS) report in this Form 4?
The filing reports that director Melanie W. Barstad acquired multiple small amounts of phantom stock units tied to Cintas common stock between 01/19/2021 and 08/15/2024, as part of her director compensation deferral elections.
How many phantom stock units does the Cintas (CTAS) director beneficially own after these transactions?
Following the 08/15/2024 transaction, the director beneficially owned 3,400.94 phantom stock units on a direct basis, each unit valued by reference to one share of Cintas common stock.
What are phantom stock units in the context of Cintas (CTAS) director compensation?
Phantom stock units under the Cintas Directors' Deferred Compensation Plan represent a cash-based obligation whose value equals one share of Cintas common stock. They are not actual shares, carry no voting rights, and are payable only in cash after the director's service ends.
How were the Cintas (CTAS) phantom stock unit amounts affected by the stock split?
Cintas completed a four-for-one stock split of its common stock on September 4, 2024. All share amounts and stock prices in the transactions have been adjusted to reflect this split.
Is this Cintas (CTAS) Form 4 filed by one or multiple reporting persons?
The Form 4 is indicated as filed by one reporting person, covering the holdings and transactions of director Melanie W. Barstad.
Why were multiple Cintas (CTAS) Form 4 filings needed for these transactions?
The remarks state that this is the first of two forms filed on December 17, 2025, because the report covers 40 individual transactions and the SEC's EDGAR system limits a single Form 4 to 30 separate transactions.
Do the Cintas (CTAS) phantom stock units give the director shareholder voting rights?
No. The filing explains that phantom stock units are not actual shares of common stock and carry no voting rights; they track share value but are ultimately settled in cash.