CARNAHAN KAREN L 4
4 · CINTAS CORP · Filed Jan 22, 2026
Research Summary
AI-generated summary of this filing
Cintas Director Karen Carnahan Receives Phantom Stock Award (148.39)
What Happened
Karen Carnahan, a director of Cintas Corporation (CTAS), was granted 148.39 phantom stock units on January 20, 2026. The units are valued at $193.74 each for a total economic value of about $28,749. This filing reports an award/acquisition (code A) of a derivative interest, not an open-market purchase of actual shares.
Key Details
- Transaction date: 2026-01-20; Filing date: 2026-01-22 (timely filing).
- Award: 148.39 Phantom Stock Units at $193.74 per unit; total ≈ $28,749.
- Shares owned after transaction: Not disclosed in this filing.
- Footnote: Reporting person elected to defer cash director retainer into Phantom Stock Units under the Directors' Deferred Compensation Plan. Units track the value of one share but are not actual shares, carry no voting rights, and are payable in cash only after termination of director service.
- Transaction code: A (Grant/award or other acquisition); derivative transaction.
Context
This is a routine compensation-related deferral into phantom stock units rather than a purchase or sale of actual Cintas common stock. Phantom Stock Units provide cash tied to share value at payout and do not convey ownership or voting rights; they should be interpreted as a compensation election, not a direct insider investment signal.
Insider Transaction Report
- Award
Phantom Stock Units
[F1]2026-01-20$193.74/sh+148.39$28,749→ 6,486.62 total→ Common Stock (148.39 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.