Cintas (CTAS) Director Robert Coletti Receives Phantom Stock Award

What Happened
Robert E. Coletti, a director of Cintas Corporation (CTAS), received a grant/acquisition of 29.71 Phantom Stock Units on September 15, 2026. The filing reports a per-unit value of $198.95, for a total economic value of approximately $5,911. This transaction is coded as an award/acquisition (A) and represents compensation rather than an open‑market purchase of common stock.

Key Details

• Transaction date: 2026-09-15; Form 4 filed: 2026-09-17 (appears timely).
• Units granted: 29.71 Phantom Stock Units at $198.95 per unit; reported total value ≈ $5,911.
• Reported as a derivative award (not actual shares) under the Directors' Deferred Compensation Plan.
• Shares owned after the transaction: not disclosed in the provided filing.
• Footnote: Phantom Stock Units equal the value of one share each, carry no voting rights, include credited dividend equivalents, and are payable only in cash after termination of director service.

Context
Phantom Stock Units are cash‑settled awards that track the value of Cintas common stock but do not increase the number of outstanding shares or give the holder voting rights. Such grants are routine director compensation and should be viewed as remuneration rather than a direct insider purchase indicating a change in sentiment.