Form 4: MAXIMUS Director Jan Madsen Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Jan Madsen reports acquisition of dividend equivalent rights related to restricted stock units.
Summary
- On February 28, 2025, Jan Madsen, a director of MAXIMUS, INC., acquired 79.031 dividend equivalent rights.
- These rights are associated with previously awarded restricted stock units (RSUs) and vest proportionally with those RSUs.
- Each dividend equivalent right represents the economic equivalent of one share of MAXIMUS common stock.
- Following the transaction, Madsen directly owns 17,255.254 dividend equivalent rights.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of dividend equivalent rights acquisition.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of transaction: Acquisition of dividend equivalent rights. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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