Cintas Corp Director Robert E. Coletti Defers Fees into Phantom Stock Units

Insider Filing Analysis: Cintas Corp ($CTAS)

1. Overview

On September 17, 2026, Robert E. Coletti, a Director at Cintas Corp (CTAS), filed a Form 4 detailing the acquisition of 29.71 Phantom Stock Units on September 15, 2026, at a price of $198.95 per unit. The total implied transaction value is $5,910.80.

2. Nature of Transaction

• Transaction Code: A (Award/Grant).
• Structure: The acquisition stems from the director's voluntary election to defer cash retainer fees into Phantom Stock Units under Cintas Corp's Directors' Deferred Compensation Plan.
• Terms: Each phantom stock unit is economically equivalent to one share of Cintas Corporation common stock, carries no voting rights, and is settled solely in cash upon termination of the director's board service.

3. Post-Transaction Ownership

Following the transaction, Coletti directly holds 11,392.85 Phantom Stock Units.

4. Market & Trading Significance

This transaction carries Low informational significance for public equity markets. It reflects routine director compensation deferral rather than open-market buying or discretionary capital deployment.