Cintas Director Melanie Barstad Receives 148 Phantom Units

What Happened
Melanie W. Barstad, a director of Cintas Corporation (CTAS), received a grant of 148.32 phantom stock units on 2026-07-28. The units were valued at $214.90 each for a total grant value of about $31,874. This was an award/derivative acquisition (code A), not an open-market purchase or sale of actual shares.

Key Details

• Transaction date: 2026-07-28; reported on Form 4 filed 2026-07-30 (Accession: 0000950103-26-011492).
• Grant: 148.32 phantom stock units at $214.90 per unit; total value ≈ $31,874.
• Instrument type: Phantom Stock Units (derivative), not actual common shares and carry no voting rights.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: The reporting person elected to defer cash retainer fees into Phantom Stock Units under the Directors' Deferred Compensation Plan; units include dividend equivalents credited as additional units and are payable only in cash after termination of service.

Context
This is a compensation award for a non-employee director and represents deferred cash-based equity exposure rather than newly issued or sold common stock. Such grants are routine for director compensation and do not, by themselves, indicate a buy or sell signal in the market.