Cintas (CTAS) Director Robert Coletti Receives $25K Phantom Stock Award

What Happened
Robert E. Coletti, a director of Cintas Corporation (CTAS), received an award of 116.33 phantom stock units on July 28, 2026. The units were valued at $214.90 each for a total reported value of $24,999. This transaction is reported as an award/acquisition (code A) and represents a derivative, cash-settled compensation event rather than an acquisition of actual shares.

Key Details

• Transaction date: 2026-07-28; Filing date: 2026-07-30 (Form 4 accession 0000950103-26-011495).
• Units awarded: 116.33 Phantom Stock Units at $214.90 per unit; total value $24,999.
• Shares owned after transaction: Not specified in the filing.
• Transaction type: Award/Grant (derivative cash-settled Phantom Stock Units).
• Footnote: Awarded units are Phantom Stock Units under the Directors' Deferred Compensation Plan (see F1) — equal in value to one share but not actual shares and carry no voting rights; payable only in cash after termination of director service.
• No indication in the filing that this was part of a 10b5-1 plan or that the Form 4 was late.

Context
Phantom Stock Units are a common form of non-equity director compensation: they track the economic value of stock but are paid in cash and do not confer ownership or voting rights. Such awards are routine compensation for board service and do not necessarily signal the director's view on the company's stock.