Cintas Director Defers Retainer Fees into Phantom Stock Units

Executive Summary

On October 29, 2026, Cintas Corporation ($CTAS) director Melanie W. Barstad reported the acquisition of 148.40 Phantom Stock Units on October 27, 2026, valued at $214.80 per unit for an aggregate total of $31,876.32.

Transaction Details

• Security: Phantom Stock Units
• Transaction Code: A (Award/Acquisition)
• Units Acquired: 148.40
• Price per Unit: $214.80
• Total Consideration: $31,876.32
• Post-Transaction Holdings: 4,895.22 Phantom Stock Units

Plan & Structure Details

According to Footnote 1 of the filing, the acquisition stems from the director's election to defer a portion of their cash retainer fees into Phantom Stock Units pursuant to the Directors' Deferred Compensation Plan. Each unit tracks the value of one share of Cintas common stock, carries no voting rights, and is payable solely in cash following the termination of service as a director.

Market Sentiment & Significance

This transaction carries Low trading significance. It represents a routine deferral of cash board fees into equity-linked deferred compensation rather than an open-market discretionary purchase.