Barstad Melanie W. 4

What Happened

• Melanie W. Barstad, a director of Cintas Corporation (CTAS), acquired 10.15 Phantom Stock Units on 2026-03-13 at a per‑unit value of $194.28, totaling about $1,972. The Form 4 lists this as an "A" (award/grant or other acquisition) transaction — the units are derivative (phantom) and not actual Cintas shares.

Key Details

• Transaction date and price: 2026-03-13; 10.15 units @ $194.28 each (total ≈ $1,972).
• Transaction type: A = award/grant (derivative Phantom Stock Units under directors' deferred comp plan).
• Shares/units owned after transaction: not specified in the provided filing summary.
• Filing date: Form 4 filed 2026-03-17 (filed on the second business day after the transaction).
• Footnote: Reporting person elected to defer a portion of cash retainer fees into Phantom Stock Units under the Directors' Deferred Compensation Plan; units equal the value of one share but are not shares, carry no voting rights, and are payable only in cash after termination of director service.

Context

• This was a routine compensation deferral (conversion of director fees into phantom units), not an open‑market purchase or sale of stock. Phantom Stock Units mirror economic value of shares but are cash‑settled and do not convey ownership or voting rights, so this transaction is generally not a direct signal of the director's view on the stock.