Form 4: MAXIMUS CFO Mutryn Reports Stock Transactions

MAXIMUS Chief Financial Officer David Mutryn reported the acquisition of shares from performance stock units and subsequent disposition for tax withholding.

Summary

• David Mutryn, Chief Financial Officer of MAXIMUS, INC. (MMS), reported transactions involving the company's common stock.
• On December 2, 2025, Mutryn acquired 13,391.387 shares of common stock at a price of $0 per share.
• These shares were received upon the release of performance stock units (PSUs) granted on November 25, 2022, and include 414.003 shares representing accrued dividend equivalent rights.
• Concurrently, Mutryn disposed of 6,039.515 shares of common stock at a price of $86.51 per share.
• This disposition was made to satisfy withholding taxes due in connection with the release of the PSUs.
• Following these transactions, Mutryn's direct beneficial ownership of MAXIMUS common stock stands at 39,036.754 shares.

Sentiment

Score: 5

Explanation: The filing is a routine insider transaction report (Form 4) detailing the vesting of equity compensation and subsequent tax withholding. It provides factual information about changes in beneficial ownership but does not inherently convey positive or negative sentiment regarding the company's operational or financial performance.

Positives

• The reporting person acquired 13,391.387 shares of common stock through the release of performance stock units, indicating the vesting of previously granted equity compensation.
• The acquisition included 414.003 shares representing dividend equivalent rights, reflecting additional value accrued on the PSUs.

Negatives

• A disposition of 6,039.515 shares occurred to cover tax withholding obligations, reducing the total number of shares beneficially owned after the PSU release.

Future Outlook

This filing is a report of past insider transactions and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing details a routine insider transaction related to equity compensation vesting and tax withholding, which is common across all industries for executives receiving performance-based awards. It does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Provides transparency into changes in executive stock ownership, which can be a factor in assessing management's alignment with shareholder interests. The net increase in shares held by the CFO, despite tax-related sales, generally indicates continued alignment.

Key Dates

Keywords

MAXIMUS, MMS, Form 4, Insider Transaction, David Mutryn, Chief Financial Officer, Performance Stock Units, Equity Compensation, Stock Acquisition, Tax Withholding