Cintas Director Karen L. Carnahan Receives Annual Equity Grants & Phantom Stock
CINTAS CORP
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Filing Summary
# Form 4: Cintas Corp (CTAS)
**Insider:** Karen L. Carnahan (Director)
**Filing Date:** October 29, 2026
### Non-Derivative Transactions
- **Common Stock (Grant):** 459 shares acquired at $0.00 (Cliff vests in 1 year)
- **Shares Held Post-Transaction:** 25,715 shares
### Derivative Transactions
- **Phantom Stock Units:** 133.85 units acquired at $214.80 (Elective fee deferral)
- **Stock Options:** 1,648 options acquired (Exercise Price: $212.81, Exp: 10/28/2036)
**Trading Significance:** Low (Routine Director Equity Compensation)
Comprehensive Analysis
Executive Summary
On October 29, 2026, Cintas Corporation ($CTAS) director Karen L. Carnahan filed a Form 4 disclosing routine director equity compensation grants and deferred compensation elections.
Transaction Breakdown
-
Restricted Common Stock Grant (10/28/2026):
- Shares Acquired: 459 shares granted under the 2016 Amended and Restated Equity and Incentive Compensation Plan.
- Price: $0.00.
- Vesting: Cliff vests on the first anniversary of the grant date.
- Post-Transaction Holdings: 25,715 direct shares.
-
Phantom Stock Units (10/27/2026):
- Units Acquired: 133.85 phantom stock units acquired at $214.80 per unit pursuant to the Directors' Deferred Compensation Plan via deferred cash retainer fees.
- Post-Transaction Holdings: 6,967.48 phantom stock units.
-
Stock Options (10/28/2026):
- Options Acquired: 1,648 stock options with an exercise price of $212.81 per share, expiring on October 28, 2036.
- Vesting: Cliff vests on the first anniversary of the grant date.
Market & Governance Context
These transactions represent standard annual director compensation and routine fee deferrals. Because these are planned corporate grants and elective salary/fee deferrals rather than open-market purchases or sales, the market significance of this filing is categorized as Low.
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Important Disclaimer
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