CARNAHAN KAREN L 4

What Happened

• Karen L. Carnahan, a director of Cintas Corporation (CTAS), was credited with 15.02 Phantom Stock Units on Mar 13, 2026. The units are valued at $194.28 each for a total value of about $2,918. This transaction is reported as an award/acquisition (code A) and reflects deferred compensation rather than an open-market purchase.

Key Details

• Transaction date and price: 2026-03-13; 15.02 units @ $194.28 each; total ≈ $2,918.
• Transaction type: Award/Acquisition of Phantom Stock Units (derivative), reported on Form 4.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The units are Phantom Stock Units under the Directors' Deferred Compensation Plan — each unit equals one share in value but is not an actual share, carries no voting rights, includes dividend equivalents, and is payable only in cash after termination of director service.
• Filing timeliness: Report filed 2026-03-17 (within required two business days of the 3/13 transaction).

Context

• These Phantom Stock Units are a form of deferred cash compensation for directors and are not share purchases or sales; they do not represent voting stock. Such awards are routine for board members and do not by themselves indicate a change in insider sentiment about the company.