Form 4: Maximus Chief Legal Officer Reports Acquisition of Dividend Equivalent Rights

John Thomas Martinez, Chief Legal Officer of Maximus, Inc., reported the acquisition of 138.143 dividend equivalent rights, increasing his beneficial ownership.

Summary

• John Thomas Martinez, Chief Legal Officer of MAXIMUS, INC. (MMS), filed a Form 4 reporting an acquisition of derivative securities.
• On May 31, 2025, Mr. Martinez acquired 138.143 Dividend Equivalent Rights.
• These rights are the economic equivalent of one share of Maximus Common Stock each and accrued on previously-awarded restricted stock units (RSUs) which vest proportionately, and on certain performance share units (PSUs) where the performance criteria have been met.
• Following this transaction, Mr. Martinez's direct beneficial ownership of derivative securities stands at 33,527.616.

Sentiment

Score: 7

Explanation: The acquisition of dividend equivalent rights, tied to the vesting of RSUs and achievement of PSU performance criteria, is a positive indicator of management's continued equity stake and successful performance against compensation targets. While not a direct stock purchase, it increases beneficial ownership.

Positives

• The acquisition of 138.143 Dividend Equivalent Rights increases the Chief Legal Officer's beneficial ownership in the company, aligning his interests with shareholders.
• These rights accrued due to the vesting of previously awarded Restricted Stock Units (RSUs) and the meeting of performance criteria for Performance Share Units (PSUs), indicating successful achievement of internal targets.

Management Comments

• John T Martinez signed the filing on June 3, 2025.

Stakeholder Impact

• Shareholders: The increase in beneficial ownership by a key executive aligns management's interests with shareholders, potentially signaling confidence in the company's future.
• Employees: The vesting of performance-based awards can serve as a positive example of the company's compensation structure and achievement of goals.

Key Dates

Keywords

Maximus Inc., MMS, SEC Form 4, Insider Transaction, John Thomas Martinez, Chief Legal Officer, Dividend Equivalent Rights, Restricted Stock Units, Performance Share Units, Beneficial Ownership