CINTAS CORP·4

Jun 17, 5:07 PM ET

TYSOE RONALD W 4

Research Summary

AI-generated summary

Updated

Cintas (CTAS) Director Ronald Tysoe Receives Phantom Stock Award

What Happened
Ronald W. Tysoe, a director of Cintas Corporation (CTAS), was granted 99.76 Phantom Stock Units on 2026-06-15 valued at $174.74 each, for a total grant value of approximately $17,432. This was reported on a Form 4 filed 2026-06-17. The award is a derivative grant (transaction code A), not an open-market purchase or sale.

Key Details

  • Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (timely filing).
  • Grant: 99.76 Phantom Stock Units @ $174.74 per unit = $17,432 (rounded).
  • Shares owned after transaction: Not disclosed in this filing.
  • Footnote: Units are Phantom Stock Units under the Directors' Deferred Compensation Plan — they track Cintas share value and include credited dividend equivalents but are not actual shares, carry no voting rights, and are payable only in cash after director service ends.
  • Transaction code: A (award/grant); derivative transaction (no immediate stock ownership or voting change).

Context
Phantom Stock Units are a form of deferred cash compensation commonly used for non-employee directors. Because these units are payable in cash and are not actual shares, this grant does not increase Tysoe’s voting stake in Cintas nor indicate an open-market purchase. Such grants are routine compensation events rather than direct insider "buys" or "sells."