Form 4: Cintas Director Karen Carnahan Acquires Phantom Stock

Director Karen L. Carnahan acquired 17.16 phantom stock units through the Cintas Corporation Directors' Deferred Compensation Plan.

Summary

• Director Karen L. Carnahan elected to defer a portion of her cash retainer fees into 17.16 phantom stock units.
• The transaction occurred on June 15, 2026, at a price of $174.74 per unit.
• Following this transaction, the director holds a total of 6,682.03 phantom stock units.
• Phantom stock units are not actual shares of common stock, carry no voting rights, and are payable only in cash upon termination of service.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of market impact.

Positives

• Demonstrates alignment of director interests with company performance through deferred compensation.

Negatives

• None identified.

Risks

• Phantom stock units are subject to the credit risk of the company as they are payable in cash upon termination of service.

Future Outlook

No specific forward-looking guidance provided; the filing relates to routine director compensation deferral.

Industry Context

StockSavvy.ai notes that director participation in deferred compensation plans is a standard corporate governance practice, signaling long-term commitment to the issuer's financial health.

Comparison to Industry Standards

• The use of phantom stock for director compensation is a common practice among S&P 500 companies to align board incentives with shareholder value without immediate equity dilution.

Corporate Governance

Stakeholder Impact

• Minimal impact on shareholders as this is a non-dilutive compensation arrangement.

Next Steps

• No future actions or milestones mentioned.

Key Dates

Keywords

Cintas, CTAS, Insider Trading, Form 4, Director Compensation, Phantom Stock