Cintas (CTAS) director defers fees into 89.52 phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cintas Corp director Ronald W. Tysoe acquired 89.52 Phantom Stock Units on March 13, 2026 at a reference value of $194.28 per unit, increasing his deferred Phantom Stock balance to 38,738.94 units.
Tysoe elected to defer a portion of his cash retainer fees into these Phantom Stock Units under the Directors' Deferred Compensation Plan. Each unit tracks the value of one Cintas common share, including dividend equivalents, but they are not actual shares, have no voting rights, and are payable only in cash after he leaves the board.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TYSOE RONALD W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 89.52 | $194.28 | $17K |
Holdings After Transaction:
Phantom Stock Units — 38,738.94 shares (Direct)
Footnotes (1)
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FAQ
What did Cintas (CTAS) director Ronald W. Tysoe report on this Form 4?
Ronald W. Tysoe reported acquiring 89.52 Phantom Stock Units tied to Cintas stock. These units came from deferring a portion of his director cash retainer fees, increasing his deferred Phantom Stock balance to 38,738.94 units under the company’s Directors' Deferred Compensation Plan.
How many Phantom Stock Units does Cintas (CTAS) director Tysoe hold after this transaction?
After this transaction, Ronald W. Tysoe holds 38,738.94 Phantom Stock Units. This total reflects his accumulated deferrals of director cash retainer fees and credited dividend equivalents under the Directors' Deferred Compensation Plan, all payable in cash after he leaves the board.
What is the value reference for the Phantom Stock Units reported by Cintas (CTAS) director Tysoe?
Each Phantom Stock Unit has a value equal to one share of Cintas common stock. The reported grant shows 89.52 units at a reference value of $194.28 per unit, with the units tracking stock value plus dividend equivalents until cash payment after board service ends.
When will Cintas (CTAS) director Tysoe receive payment for his Phantom Stock Units?
Payment for Ronald W. Tysoe’s Phantom Stock Units occurs only in cash after his termination of service as a director. Until then, the units track the value of Cintas common stock, including dividend equivalents, but do not provide any current ownership or voting rights.