Form 4: MAXIMUS Director Anne K. Altman Reports Acquisition of Dividend Equivalent Rights

Director Anne K. Altman of MAXIMUS, Inc. reported acquiring 10,021 dividend equivalent rights related to previously awarded restricted stock units.

Summary

• Anne K. Altman, a director at MAXIMUS, Inc., has reported a transaction involving dividend equivalent rights.
• On November 29, 2024, she acquired 10,021 dividend equivalent rights.
• These rights are associated with previously awarded restricted stock units (RSUs) and vest proportionally with those RSUs.
• Each dividend equivalent right is economically equivalent to one share of MAXIMUS common stock.
• The reported transaction did not involve a direct purchase or sale of shares, but rather the accrual of these rights.

Sentiment

Score: 7

Explanation: The document is a routine SEC filing related to director compensation, which is neither positive nor negative. It is a neutral event that is expected for publicly traded companies.

Industry Context

This filing is a routine disclosure of a director's beneficial ownership changes, which is common in publicly traded companies. It reflects the ongoing compensation and equity-based incentive programs for company leadership.

Comparison to Industry Standards

• The reporting of dividend equivalent rights is standard practice for companies that use restricted stock units as part of their compensation packages.
• Many companies, such as Accenture, Cognizant, and Leidos, also use similar equity-based compensation methods and report these transactions through SEC filings.
• The specific number of rights granted is dependent on the company's compensation policies and the individual's role and performance.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects the ongoing compensation practices of the company.
• The accrual of dividend equivalent rights does not dilute the existing shares.

Key Dates

Keywords

MAXIMUS, Dividend Equivalent Rights, Director, Anne K. Altman, Restricted Stock Units, RSU, SEC Form 4, Beneficial Ownership