CARNAHAN KAREN L 4
4 · CINTAS CORP · Filed Apr 16, 2026
Research Summary
AI-generated summary of this filing
Cintas (CTAS) Director Karen L. Carnahan Receives Phantom Stock Units
What Happened
Karen L. Carnahan, a director of Cintas Corporation (CTAS), acquired 163.22 Phantom Stock Units on April 14, 2026. The units were recorded at $176.14 each for a total notional value of approximately $28,750. This was an award/deferral (derivative acquisition) under the directors' deferred compensation plan, not an open‑market purchase of actual shares.
Key Details
- Transaction date: 2026-04-14; Filing date: 2026-04-16 (appears timely).
- Transaction type/code: A (award/acquisition of derivative units).
- Units: 163.22 Phantom Stock Units at $176.14 per unit; total value ≈ $28,750.
- Shares owned after transaction: Not disclosed in the filing.
- Footnote: Units are Phantom Stock Units (not actual shares), carry no voting rights, and are payable only in cash after termination of director service under the Directors' Deferred Compensation Plan.
Context
This is a routine deferral of director cash compensation into phantom (cash‑settled) stock units and does not represent an equity purchase or sale in the open market. Because these units are paid in cash upon leaving the board and carry no voting rights, they differ from actual share ownership and should be interpreted accordingly.
Insider Transaction Report
- Award
Phantom Stock Units
[F1]2026-04-14$176.14/sh+163.22$28,750→ 6,664.87 total→ Common Stock (163.22 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.