4/A: MAXIMUS CEO Amends Stock Ownership Filing

MAXIMUS CEO Bruce Caswell filed an amended Form 4 to correct an administrative error regarding his beneficial ownership of company common stock.

Summary

• Bruce Caswell, CEO and President of MAXIMUS, Inc., filed a Form 4/A on January 20, 2026, to amend a previous Form 4 filed on December 3, 2025.
• The amendment was filed to correct an administrative error that resulted in the under-reporting of transactions and beneficial ownership in the original filing.
• On December 2, 2025, Caswell acquired 96,187.385 shares of Common Stock upon the release of performance stock units (PSUs) that were granted on November 25, 2022.
• The acquired shares include 2,973.815 shares representing dividend equivalent rights accrued on the PSUs.
• On the same date, December 2, 2025, Caswell disposed of 47,276.1 shares of Common Stock at a price of $86.51 per share to satisfy withholding taxes related to the PSU release.
• The filing also includes a downward adjustment of 1.515 shares to correct a clerical error identified in previous reports.
• Following these transactions and corrections, Caswell's beneficial ownership of MAXIMUS Common Stock stands at 324,838.285 shares.

Sentiment

Score: 5

Explanation: The filing is an administrative correction of insider ownership, not a performance report. The underlying transactions (PSU vesting, tax withholding) are routine for executives and do not inherently indicate positive or negative company performance.

Positives

• Acquisition of 96,187.385 shares of Common Stock through the release of performance stock units (PSUs), indicating successful vesting and performance-based compensation.
• The acquired shares include 2,973.815 shares representing dividend equivalent rights, enhancing the total beneficial ownership.

Negatives

• An administrative error in the original Form 4 led to under-reporting of transactions and beneficial ownership, necessitating an amendment.
• Disposition of 47,276.1 shares at $86.51 per share to cover withholding taxes, which reduces direct beneficial ownership.
• A downward adjustment of 1.515 shares was required to correct a clerical error in previous reports.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides accurate and updated information regarding the beneficial ownership of a key executive, ensuring transparency and compliance with regulatory requirements.

Key Dates

Keywords

MAXIMUS, MMS, Bruce Caswell, Form 4/A, SEC filing, insider ownership, stock ownership, performance stock units, PSUs, common stock, CEO, director