Form 4: MAXIMUS Director Jan Madsen Reports Acquisition of Dividend Equivalent Rights

MAXIMUS Director Jan Madsen has reported the acquisition of 59.743 shares of common stock, representing dividend equivalent rights accrued on previously awarded restricted stock units.

Summary

• Jan Madsen, a Director of MAXIMUS, INC. (MMS), reported a transaction on May 31, 2025.
• The transaction involved the acquisition of 59.743 shares of MAXIMUS common stock.
• These shares represent dividend equivalent rights accrued on previously awarded restricted stock units (RSUs).
• Each dividend equivalent right is economically equivalent to one share of MAXIMUS common stock and vests proportionately with the related RSUs.
• Following this transaction, Jan Madsen beneficially owns 18,156.988 shares of MAXIMUS common stock.

Sentiment

Score: 7

Explanation: The transaction represents a routine accrual of dividend equivalent rights, increasing the director's beneficial ownership and aligning interests with shareholders, which is generally viewed positively.

Positives

• Director Jan Madsen's beneficial ownership in MAXIMUS, INC. increased by 59.743 shares, demonstrating continued alignment of interests with shareholders.
• The acquisition of dividend equivalent rights on existing Restricted Stock Units (RSUs) indicates the ongoing value generation from previously awarded equity compensation.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This Form 4 filing details a routine insider transaction related to equity compensation, which is specific to MAXIMUS, INC. and does not provide broader industry context or trends.

Related Party Transactions

• The acquisition of dividend equivalent rights by Director Jan Madsen is a related party transaction, as it involves an insider's compensation.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholders due to increased beneficial ownership.

Key Dates

Keywords

MAXIMUS, MMS, Form 4, insider transaction, beneficial ownership, director, stock acquisition, dividend equivalent rights, restricted stock units