Form 4: MAXIMUS Director John J. Haley Reports Acquisition of Shares Through Dividend Equivalents

MAXIMUS, Inc. Director John J. Haley reported the acquisition of 124.088 shares of common stock on May 31, 2025, through dividend equivalent rights related to previously awarded restricted stock units.

Summary

• John J. Haley, a Director of MAXIMUS, INC. (MMS), reported a change in his beneficial ownership of the company's common stock.
• On May 31, 2025, Mr. Haley acquired 124.088 shares of MAXIMUS common stock.
• The acquisition was made at a price of $0 per share, indicating it was not an open market purchase.
• These shares represent dividend equivalent rights that accrued on previously awarded restricted stock units (RSUs) and vest proportionately with the underlying RSUs.
• Each dividend equivalent right is economically equivalent to one share of MAXIMUS common stock.
• Following this transaction, Mr. Haley directly owns 39,764.584 shares of common stock.
• Additionally, Mr. Haley indirectly owns 71,132 shares through the John J. Haley Grantor Retained Annuity Trust Seven and 32,764 shares through the John J. Haley Grantor Retained Annuity Trust Six.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as it reflects an increase in insider ownership, albeit through a non-discretionary compensation mechanism (dividend equivalents on RSUs). It indicates ongoing alignment of the director's interests with shareholders.

Positives

• The acquisition of shares, even through dividend equivalents, increases the director's overall beneficial ownership in the company, aligning his interests further with shareholders.
• The transaction is a routine part of equity compensation, reflecting the ongoing value accrual from previously granted restricted stock units.

Future Outlook

N/A

Industry Context

This Form 4 filing is a standard disclosure of an insider's change in beneficial ownership, specifically related to equity compensation. Such transactions are common across all industries for executives and directors who receive restricted stock units or similar equity awards as part of their compensation packages.

Stakeholder Impact

• Shareholders: Increased beneficial ownership by a director can be viewed positively as it further aligns management's interests with those of the shareholders, potentially fostering long-term value creation.

Key Dates

Keywords

MAXIMUS, MMS, Form 4, Insider Transaction, Beneficial Ownership, Director, Equity Compensation, Restricted Stock Units, Dividend Equivalents