Barstad Melanie W. 4

What Happened

• Melanie W. Barstad, a director of Cintas Corporation (CTAS), received an award of 180.96 phantom stock units on April 14, 2026. The filing lists a per-unit value of $176.14, for a total value of approximately $31,874. The transaction is reported as an acquisition/award (code A) and reflects deferred compensation rather than an actual share purchase.

Key Details

• Transaction date: 2026-04-14; Form 4 filed: 2026-04-16 (appears timely — within the standard two business days).
• Units awarded: 180.96 phantom stock units at $176.14 each; total value ≈ $31,874.
• Shares/units owned after transaction: Not specified in the supplied filing.
• Footnote: The reporting person elected to defer a portion of cash retainer fees into 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, and is payable only in cash after termination of director service.
• Transaction code: A (Award/Grant/Other acquisition).

Context

• Phantom stock units are a form of cash‑settled deferred compensation tied to stock value; they do not convey ownership, voting rights, or immediate share exposure. Such awards are common for director compensation and are routine administrative transactions rather than direct purchases of stock by insiders.