Form 4: MAXIMUS Director Jan Madsen Receives RSU Grant

MAXIMUS Director Jan Madsen was granted 3,215 restricted stock units, deferring receipt until service termination.

Summary

• Jan Madsen, a Director at MAXIMUS, INC. (MMS), acquired 3,215 shares of common stock through a grant of restricted stock units (RSUs) on March 10, 2026.
• The RSUs were granted at a price of $0 per share, indicating they are part of a compensation package.
• The reporting person elected to defer the receipt of the common stock until the termination of service as a member of the issuer's board of directors.
• The RSUs are scheduled to vest one year from the date of grant.
• Following this transaction, Jan Madsen beneficially owns a total of 21,536.822 shares of MAXIMUS common stock.
• The total beneficial ownership includes 65.219 dividend equivalent rights accrued on previously-awarded RSUs, which vest proportionately with their related RSUs.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting standard corporate governance practices that align director incentives with shareholder interests, without indicating any significant operational or financial changes.

Positives

• The grant of restricted stock units to a director aligns their interests with those of shareholders, encouraging long-term commitment and performance.
• The deferral of stock receipt until termination of service demonstrates a commitment to the company's long-term success and governance.

Future Outlook

The granted restricted stock units are scheduled to vest one year from the grant date. The receipt of the underlying common stock is deferred until the reporting person's termination of service as a director.

Industry Context

StockSavvy.ai notes that equity grants, such as restricted stock units, are a standard component of director compensation across various industries. This practice is widely adopted to align the interests of board members with long-term shareholder value creation, a common governance strategy in publicly traded companies.

Comparison to Industry Standards

• The grant of RSUs at a $0 price is a common method for compensating directors and executives, similar to practices seen at companies like Accenture (ACN) or Booz Allen Hamilton (BAH), where equity awards are used to incentivize long-term performance and retention.
• The deferral of stock receipt until termination of service is a robust corporate governance practice, often employed by mature companies to ensure directors maintain a significant equity stake throughout their tenure, aligning with best practices observed in the S&P 500.

Corporate Governance

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with long-term shareholder value, potentially fostering more strategic decision-making.
• Board of Directors: The compensation structure reinforces commitment and retention of board members.

Next Steps

• The granted restricted stock units will vest one year from the grant date of March 10, 2026.
• The common stock underlying the RSUs will be received by Jan Madsen upon the termination of service as a member of the board of directors.

Key Dates

Keywords

MAXIMUS, MMS, Restricted Stock Units, RSU Grant, Insider Transaction, Director Compensation, Equity Award, Beneficial Ownership