Form 4: MAXIMUS CFO Mutryn Sells Shares for Tax Obligations

MAXIMUS Chief Financial Officer David Mutryn disposed of 4,158.767 shares of common stock to cover tax liabilities related to restricted stock unit vesting.

Summary

• David Mutryn, Chief Financial Officer of MAXIMUS, Inc. (MMS), reported a transaction on September 30, 2025.
• He disposed of 4,158.767 shares of MAXIMUS common stock at a price of $91.37 per share.
• This disposition was made to satisfy withholding tax obligations due in connection with the vesting of restricted stock units (RSUs).
• Following this transaction, Mutryn directly beneficially owns 25,388.958 shares of common stock.
• The filing also notes that 15,776.643 RSUs and associated accrued dividend equivalent rights, with varying distribution schedules, were previously reported in Table II.

Sentiment

Score: 6

Explanation: The transaction reflects the vesting of restricted stock units, a positive compensation event for the executive. The subsequent sale of shares is a routine, non-discretionary action to cover tax obligations, not a voluntary divestment of equity.

Positives

• The underlying event is the vesting of restricted stock units, which represents compensation earned by the Chief Financial Officer.
• The transaction is a non-discretionary sale to cover tax liabilities, indicating a routine compensation event rather than a voluntary sale of shares.

Negatives

• A reduction in direct beneficial ownership of common stock by a key executive, even if for tax purposes.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

This insider transaction is a routine event related to executive compensation and tax obligations, and does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The transaction represents a minor, routine change in insider ownership, unlikely to have a significant impact on shareholder sentiment or company valuation.
• Employees: The vesting of RSUs is part of the company's executive compensation structure, which can influence employee motivation and retention.

Key Dates

Keywords

MAXIMUS, MMS, David Mutryn, CFO, Form 4, insider transaction, stock sale, RSU, restricted stock units, tax withholding