Barstad Melanie W. 4

What Happened Melanie W. Barstad, a director of Cintas Corporation (CTAS), was granted 11.78 Phantom Stock Units on 2026-06-15. The units are recorded at $174.74 each for a total notional value of about $2,058. This was an award (transaction code A) under the company’s directors’ deferred compensation plan — not an open-market purchase or sale of actual shares.

Key Details

• Transaction date: 2026-06-15; Filing date: 2026-06-17 (appears timely under Section 16 reporting rules).
• Grant: 11.78 Phantom Stock Units @ $174.74 each; total notional value ≈ $2,058.
• Transaction type/code: Award/Grant (A); the reported instrument is a derivative (phantom unit).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Units are Phantom Stock Units (F1) — equal in value to one Cintas share, carry no voting rights, and are payable only in cash after the director leaves service (they are not actual common shares).

Context Phantom stock grants are a common form of director compensation and are cash-settled deferred awards rather than equity purchases. Such awards typically do not signal immediate insider buying pressure since they do not represent acquisition of voting stock and are paid out later in cash.