Form 4: MAXIMUS Director Anne Altman Reports Dividend Equivalent Rights Acquisition
SEC Form 4 Filing
Director Anne Altman reports acquisition of dividend equivalent rights related to restricted stock units.
Summary
- On May 31, 2024, Anne K. Altman, a director of MAXIMUS, INC. [MMS], acquired 8.613 dividend equivalent rights.
- These rights are associated with previously awarded restricted stock units (RSUs) and vest proportionally with the RSUs.
- Each dividend equivalent right represents the economic equivalent of one share of MAXIMUS common stock.
- Following the transaction, Altman beneficially owns 2,480.61 dividend equivalent rights directly.
Sentiment
Score: 7
Explanation: The document is a routine disclosure of dividend equivalent rights acquisition, which is neither particularly positive nor negative. It reflects standard compensation practices.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of dividend equivalent rights has a minimal direct impact on stakeholders, as it is part of standard executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of transaction: Acquisition of dividend equivalent rights |
| 06/04/2024 | Date of report signature |
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