Coletti Robert E. 4

What Happened

• Robert E. Coletti, a director of Cintas Corporation (CTAS), received an award/acquisition of 141.93 phantom stock units on 2026-04-14. The units were valued at $176.14 each, totaling $25,000. This was a derivative award (code A) under the directors' deferred compensation arrangements — not an open-market stock purchase.

Key Details

• Transaction date and price: 2026-04-14, 141.93 units @ $176.14 each (total $25,000).
• Filing date: Form 4 filed 2026-04-16 (filed within the usual 2-business-day window).
• Shares/units owned after transaction: Not specified in the filing.
• Footnote: The award represents Phantom Stock Units under the Directors' Deferred Compensation Plan (F1). Each unit tracks the value of one share but is cash-settled, carries no voting rights, and is payable only after the director leaves board service.
• Transaction type: Derivative award (cash-settled phantom units), not actual common stock.

Context

• Phantom stock units are a common form of deferred cash compensation for directors; they mirror share value for payout purposes but do not convey ownership or voting power. For investors, this is a routine director compensation deferral rather than a direct buy or sell of equity.