Form 4: MAXIMUS CLO Sells Shares for Tax Withholding

MAXIMUS Chief Legal Officer John Thomas Martinez disposed of 3,017.119 shares of common stock to cover tax obligations related to RSU vesting.

Summary

• John Thomas Martinez, Chief Legal Officer of MAXIMUS, Inc., reported a transaction on September 30, 2025.
• The transaction involved the disposition of 3,017.119 shares of MAXIMUS Common Stock at a price of $91.37 per share.
• These shares were surrendered to satisfy withholding tax liabilities associated with the vesting of restricted stock units (RSUs).
• Following this transaction, Martinez beneficially owns 15,199.192 shares of Common Stock directly.
• This beneficial ownership includes 13,230.101 RSUs and associated accrued dividend equivalent rights, previously reported in Table II.

Sentiment

Score: 6

Explanation: The transaction reflects the routine vesting of restricted stock units (RSUs) and the subsequent disposition of shares to cover tax obligations, which is a standard compensation event for executives. It is neither significantly positive nor negative for the company's operational outlook.

Positives

• Vesting of restricted stock units (RSUs) indicates the achievement of performance milestones or tenure requirements by the Chief Legal Officer, reflecting successful compensation plan execution.

Negatives

• The Chief Legal Officer disposed of 3,017.119 shares of common stock, which reduces direct insider ownership in the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but generally a routine event related to executive compensation and tax obligations, not indicative of a change in company fundamentals or management sentiment.
• Employees: No direct impact.

Key Dates

Recommendation

This Form 4 details a routine insider transaction where shares were disposed of solely to cover tax liabilities associated with RSU vesting. It does not reflect a discretionary sale or purchase based on investment sentiment, nor does it provide new information about the company's operational or financial performance. Therefore, it offers no basis to change an existing investment thesis, warranting a 'hold' recommendation.

Keywords

MAXIMUS, MMS, Form 4, Insider Transaction, Stock Sale, RSU Vesting, Tax Withholding, John Thomas Martinez, Chief Legal Officer