Form 4: MAXIMUS Director Gayathri Rajan Reports Acquisition of Dividend Equivalent Rights
SEC Form 4
Director Gayathri Rajan reports acquiring dividend equivalent rights related to restricted stock units.
Summary
- On August 30, 2024, Gayathri Rajan, a director of MAXIMUS, INC. [MMS], acquired 5.763 dividend equivalent rights.
- These rights are associated with previously awarded restricted stock units (RSUs) and vest proportionately with those RSUs.
- Each dividend equivalent right represents the economic equivalent of one share of MAXIMUS common stock.
- Following the transaction, Ms. Rajan directly owns 1,777.92 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it relates to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of transaction: Acquisition of dividend equivalent rights. |
| 09/03/2024 | Date of signature by Attorney-In-Fact. |
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