Cintas Director Ronald W. Tysoe Acquires Phantom Stock via Deferred Compensation

Insider Filing Overview

On September 17, 2026, Cintas Corp ($CTAS) filed a Form 4 disclosing a derivative transaction by Director Ronald W. Tysoe on September 15, 2026.

Key Details

• Insider: Ronald W. Tysoe (Director)
• Security: Phantom Stock Units (convertible/payable in cash only upon termination of service)
• Transaction Code: A (Acquisition / Award)
• Shares/Units Acquired: 101.52 units
• Price per Unit: $198.95
• Total Transaction Value: $20,197.40
• Post-Transaction Holdings: 38,940.22 Phantom Stock Units (Direct)

Transaction Rationale & Context

According to Footnote (1), the reporting person elected to defer a portion of their director cash retainer fees into Phantom Stock Units under Cintas Corporation's Directors' Deferred Compensation Plan. Each unit matches the economic value of one share of common stock but holds no voting rights and is settleable strictly in cash following termination of board service.

Trading Significance

This transaction carries Low trading significance as it represents routine, elective deferral of board compensation into phantom equity rather than an open-market purchase or sale.