Form 4: MAXIMUS Director Anne Altman Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Anne Altman reports the acquisition of dividend equivalent rights related to previously-awarded restricted stock units.
Summary
- On February 29, 2024, Anne K. Altman, a director of MAXIMUS, INC., reported the acquisition of 10.509 dividend equivalent rights.
- These rights are associated with previously awarded restricted stock units (RSUs) and vest proportionately with the RSUs.
- Each dividend equivalent right represents the economic equivalent of one share of MAXIMUS common stock.
- Following the transaction, Altman directly owns 2,941.114 dividend equivalent rights.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing, indicating normal business operations. The acquisition of dividend equivalent rights is a neutral event.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding director compensation and equity ownership.
Key Dates
| Date | Description |
|---|---|
| December 12, 2023 | Date of execution of the Power of Attorney. |
| February 29, 2024 | Date of transaction: Acquisition of dividend equivalent rights. |
| March 04, 2024 | Date of signature of the report. |
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