Cintas (CTAS) Director Melanie Barstad Receives Award (~$2.5K)

What Happened
Melanie W. Barstad, a director of Cintas Corporation (CTAS), received an award of 12.37 phantom stock units on 2026-09-15. The units were valued at $198.95 each for a total notional value of $2,461. This transaction is an award/deferral (Form 4 code "A"), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-15; filing date: 2026-09-17.
• Grant type/code: Award/Grant (A) — 12.37 phantom stock units at $198.95 per unit; total $2,461 (derivative).
• Shares/units owned after transaction: Not specified in this filing.
• Footnote: The units are Phantom Stock Units under the Directors' Deferred Compensation Plan (F1). Each unit equals one share in value but is not an actual share, carries no voting rights, and is payable in cash after the director leaves service. dividend equivalents have been credited as additional phantom units.
• Filing timeliness: Report filed two days after the transaction date (no late-report indication in the filing).

Context
Phantom stock units are a cash-based deferred compensation vehicle that track the value of company shares but do not grant equity, voting rights, or immediate ownership. Such grants are common for board compensation and are routine; they do not represent an outright purchase or sale of company stock and should not be interpreted as a direct bullish or bearish insider market move.