Coletti Robert E. 4
4 · CINTAS CORP · Filed Jan 22, 2026
Research Summary
AI-generated summary of this filing
Cintas (CTAS) Director Robert E. Coletti Receives Phantom Stock Units
What Happened
Robert E. Coletti, a director of Cintas Corporation (CTAS), received a grant of 129.04 Phantom Stock Units on January 20, 2026. The units were valued at $193.74 each for a total grant value of $25,000. This transaction is recorded as an award/acquisition (derivative, code A) — a cash‑settled deferred compensation grant rather than an open‑market stock purchase.
Key Details
- Transaction date: 2026-01-20; filing date: 2026-01-22 (filed two days after the transaction, which appears timely under Form 4 rules).
- Grant: 129.04 Phantom Stock Units valued at $193.74 each; total value ≈ $25,000.
- Transaction code: A (Award/Grant/Other acquisition); instrument type: derivative phantom units (not actual shares).
- Shares owned after transaction: not disclosed in the provided excerpt.
- Footnote: Reporting person elected to defer cash director retainer into Phantom Stock Units under the Directors' Deferred Compensation Plan (see Context below).
Context
Phantom Stock Units mirror the economic value of one share each but are not actual shares, carry no voting rights, and are payable only in cash after the director leaves service. This grant reflects a deferral of director compensation into a cash‑settled unit and should not be interpreted as an open‑market purchase or sale of common stock.
Insider Transaction Report
- Award
Phantom Stock Units
[F1]2026-01-20$193.74/sh+129.04$25,000→ 11,050.4 total→ Common Stock (129.04 underlying)
Footnotes (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, 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.