TYSOE RONALD W 4
4 · CINTAS CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Cintas Director Ronald Tysoe Receives Phantom Stock Award
What Happened
Ronald W. Tysoe, a director of Cintas Corporation (CTAS), was credited with 89.52 Phantom Stock Units on 2026-03-13 as an award under the directors' deferred compensation plan. The units are valued at $194.28 each, for a total notional value of $17,392. This transaction is reported as an acquisition (derivative award), not a market purchase of actual shares.
Key Details
- Transaction date: 2026-03-13; Form 4 filed 2026-03-17 (filed timely).
- Instrument: 89.52 Phantom Stock Units (derivative award) at $194.28 per unit; total value $17,392.
- Transaction code: A (Grant/award or other acquisition — derivative).
- Shares/units owned after transaction: Not specified in this filing.
- Footnote: Phantom Stock Units equal one share in value but are not actual shares, carry no voting rights, include credited dividend equivalents, and are payable only in cash after termination of director service.
- Remarks: Exhibit 24 (Power of Attorney) attached.
Context
This was a routine director compensation award paid in phantom units rather than issued common stock. Phantom units track share value for cash payment later and do not represent immediate equity or voting power. Such awards are common for non-employee directors and do not by themselves indicate a buy or sell signal.
Insider Transaction Report
- Award
Phantom Stock Units
[F1]2026-03-13$194.28/sh+89.52$17,392→ 38,738.94 total→ Common Stock (89.52 underlying)
Footnotes (1)
- [F1]Reporting Person elected to defer a portion of the Reporting Person's cash retainer fees into Phantom Stock Units pursuant to the Directors' Deferred Compensation Plan (including dividend equivalents that have been credited as additional Phantom Stock Units), each unit having a value equal to one share of Cintas Corporation common stock but are not actual shares of common stock and carry no voting rights. Phantom Stock Units are payable only in cash after termination of service as a director.