STOCK TITAN

[Form 4] CINTAS CORP Insider Trading Activity

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

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.

Positive

  • None.

Negative

  • None.
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 OH 45040

(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
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/19/2021
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) 01/19/2021 A 296.55 (1) (1) Common Stock 296.55 $80.51 296.55 D
Phantom Stock Units (1)(2) 02/15/2021 A 0.65 (1) (1) Common Stock 0.65 $85.61 297.2 D
Phantom Stock Units (1)(2) 04/13/2021 A 268.65 (1) (1) Common Stock 268.65 $88.87 565.85 D
Phantom Stock Units (1)(2) 05/15/2021 A 1.19 (1) (1) Common Stock 1.19 $89.52 567.03 D
Phantom Stock Units (1)(2) 07/27/2021 A 248.16 (1) (1) Common Stock 248.16 $97.22 815.19 D
Phantom Stock Units (1)(2) 08/13/2021 A 1.99 (1) (1) Common Stock 1.99 $97.35 817.18 D
Phantom Stock Units (1)(2) 10/26/2021 A 224.16 (1) (1) Common Stock 224.16 $107.63 1,041.34 D
Phantom Stock Units (1)(2) 11/15/2021 A 2.25 (1) (1) Common Stock 2.25 $109.73 1,043.59 D
Phantom Stock Units (1)(2) 01/11/2022 A 238.21 (1) (1) Common Stock 238.21 $101.28 1,281.81 D
Phantom Stock Units (1)(2) 02/15/2022 A 3.22 (1) (1) Common Stock 3.22 $94.44 1,285.03 D
Phantom Stock Units (1)(2) 04/12/2022 A 232.1 (1) (1) Common Stock 232.1 $103.94 1,517.13 D
Phantom Stock Units (1)(2) 05/16/2022 A 3.82 (1) (1) Common Stock 3.82 $94.43 1,520.95 D
Phantom Stock Units (1)(2) 07/26/2022 A 242.57 (1) (1) Common Stock 242.57 $99.46 1,763.51 D
Phantom Stock Units (1)(2) 08/15/2022 A 4.62 (1) (1) Common Stock 4.62 $109.76 1,768.13 D
Phantom Stock Units (1)(2) 10/25/2022 A 235.14 (1) (1) Common Stock 235.14 $102.6 2,003.27 D
Phantom Stock Units (1)(2) 11/15/2022 A 5.18 (1) (1) Common Stock 5.18 $111.2 2,008.45 D
Phantom Stock Units (1)(2) 01/10/2023 A 216.87 (1) (1) Common Stock 216.87 $111.24 2,225.32 D
Phantom Stock Units (1)(2) 02/15/2023 A 5.76 (1) (1) Common Stock 5.76 $111.16 2,231.08 D
Phantom Stock Units (1)(2) 04/11/2023 A 214.32 (1) (1) Common Stock 214.32 $112.57 2,445.4 D
Phantom Stock Units (1)(2) 05/15/2023 A 6 (1) (1) Common Stock 6 $117.27 2,451.39 D
Phantom Stock Units (1)(2) 07/25/2023 A 186.85 (1) (1) Common Stock 186.85 $129.11 2,638.25 D
Phantom Stock Units (1)(2) 08/15/2023 A 7.29 (1) (1) Common Stock 7.29 $122.17 2,645.53 D
Phantom Stock Units (1)(2) 10/24/2023 A 222.41 (1) (1) Common Stock 222.41 $126.46 2,867.94 D
Phantom Stock Units (1)(2) 11/14/2023 A 7.08 (1) (1) Common Stock 7.08 $136.64 2,875.03 D
Phantom Stock Units (1)(2) 01/16/2024 A 191.14 (1) (1) Common Stock 191.14 $147.14 3,066.17 D
Phantom Stock Units (1)(2) 02/14/2024 A 6.76 (1) (1) Common Stock 6.76 $153.17 3,072.93 D
Phantom Stock Units (1)(2) 04/09/2024 A 166 (1) (1) Common Stock 166 $169.43 3,238.92 D
Phantom Stock Units (1)(2) 05/15/2024 A 6.32 (1) (1) Common Stock 6.32 $173.1 3,245.24 D
Phantom Stock Units (1)(2) 07/23/2024 A 148.8 (1) (1) Common Stock 148.8 $189.01 3,394.04 D
Phantom Stock Units (1)(2) 08/15/2024 A 6.9 (1) (1) Common Stock 6.9 $191.94 3,400.94 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 two Form 4s filed by the Reporting Person on the same date, December 17, 2025. The Form 4 has been split into two filings to cover all 40 individual transactions because the SEC's EDGAR filing system limits a single Form 4 to a maximum of 30 separate transactions.
/s/ Melanie W. Barstad 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) 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.

Cintas Corp

NASDAQ:CTAS

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CTAS Stock Data

76.31B
341.92M
15.11%
67.41%
1.8%
Specialty Business Services
Men's & Boys' Furnishgs, Work Clothg, & Allied Garments
Link
United States
CINCINNATI