Form 4: Maximus CFO David Mutryn Reports Acquisition of Dividend Equivalent Rights

Maximus Inc.'s Chief Financial Officer, David Mutryn, acquired dividend equivalent rights related to previously awarded restricted stock units and performance share units.

Summary

• David Mutryn, the Chief Financial Officer of Maximus Inc., reported a transaction involving dividend equivalent rights.
• These rights were accrued on previously-awarded restricted stock units (RSUs) and performance share units (PSUs).
• The transaction occurred on November 29, 2024.
• A total of 118.241 dividend equivalent rights were acquired.
• Each dividend equivalent right is equivalent to one share of Maximus common stock.
• Following the transaction, Mr. Mutryn beneficially owns 29,481.511 dividend equivalent rights.

Sentiment

Score: 7

Explanation: The document is a routine filing related to executive compensation, which is generally neutral. The acquisition of dividend equivalent rights is a positive for the executive but doesn't have a significant impact on the company's overall performance.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the vesting of previously awarded equity-based compensation.

Comparison to Industry Standards

• The use of dividend equivalent rights is a common practice in executive compensation packages, particularly for companies that issue restricted stock units and performance share units.
• Many companies in the technology and services sectors use similar mechanisms to align executive interests with shareholder value.
• The specific number of rights and their value are specific to Maximus and its compensation policies.

Stakeholder Impact

• The transaction has a minor positive impact on the executive, David Mutryn, by increasing his holdings of dividend equivalent rights.
• The impact on other stakeholders is negligible as this is a routine compensation matter.

Key Dates

Keywords

dividend equivalent rights, Maximus, David Mutryn, CFO, restricted stock units, performance share units, insider trading, Form 4