Form 4: MAXIMUS Director Jan Madsen Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Jan Madsen reports the acquisition of dividend equivalent rights related to restricted stock units.
Summary
- On February 29, 2024, Jan Madsen, a director of MAXIMUS, INC., acquired 49.995 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 this transaction, Madsen directly owns 13,991.679 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock ownership, indicating a neutral 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 internal compensation.
Key Dates
| Date | Description |
|---|---|
| December 12, 2023 | Date of Power of Attorney execution. |
| February 29, 2024 | Date of transaction: Acquisition of dividend equivalent rights. |
| March 04, 2024 | Date of signature for the report. |
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