Director Karen L. Carnahan filed a Form 4 with the SEC on October 29, 2026, disclosing the acquisition of restricted shares, stock options, and phantom stock units in Cintas Corp (NASDAQ:CTAS) on October 27 and October 28, 2026.

Key Highlights

  • Restricted share grant: Carnahan acquired 459 shares of common stock on October 28, 2026, at a price of $0, under Cintas Corporation's 2016 Amended and Restated Equity and Incentive Compensation Plan.
  • Vesting schedule: The restricted shares cliff vest on the first anniversary of the grant date, according to the filing.
  • Stock options granted: Carnahan also received 1,648 stock options on October 28, 2026, with an exercise price of $212.81 and an expiration date of October 28, 2036.
  • Option vesting: The stock options cliff vest on the first anniversary of the grant date, the filing states.
  • Phantom Stock Units: On October 27, 2026, Carnahan acquired 133.85 Phantom Stock Units at $214.8 per unit through deferred cash retainer fees, bringing her total phantom unit holdings to 6,967.48.
  • Total common stock holdings: Following the reported transactions, Carnahan directly holds 25,715 shares of common stock.

Carnahan's October 2026 Equity Awards and Deferred Compensation at Cintas

According to the filing, Karen L. Carnahan, identified as a director of Cintas Corp, reported three separate transactions across two dates. On October 28, 2026, she was granted 459 restricted shares of common stock at no cost under the company's 2016 Amended and Restated Equity and Incentive Compensation Plan. The filing states these shares "cliff vest on the first anniversary of the grant date." Following this acquisition, her directly held common stock position stands at 25,715 shares.

Also on October 28, 2026, Carnahan received 1,648 stock options with a right to buy common stock at an exercise price of $212.81 per share. These options expire on October 28, 2036, and likewise cliff vest on the first anniversary of the grant date, per the filing. The price of the derivative security is listed as $0.

On October 27, 2026, the filing discloses that Carnahan acquired 133.85 Phantom Stock Units at a price of $214.8, bringing her total phantom unit holdings to 6,967.48 units. The filing explains that these units were accumulated through an election to defer a portion of her cash retainer fees into Phantom Stock Units under the Directors' Deferred Compensation Plan, including dividend equivalents credited as additional units. Each unit carries a value equal to one share of Cintas common stock but represents no actual shares and carries no voting rights. The filing notes that Phantom Stock Units "are payable only in cash after termination of service as a director."

What Was Disclosed

Director Karen L. Carnahan disclosed the acquisition of 459 restricted shares, 1,648 stock options, and 133.85 Phantom Stock Units in Cintas Corp across October 27 and October 28, 2026, with all equity awards granted under the company's 2016 plan.