Form 4: MAXIMUS Director Raymond B. Ruddy Reports Dividend Equivalent Rights Acquisition
SEC Form 4 Filing
Director Raymond B. Ruddy reports acquisition of dividend equivalent rights related to restricted stock units of MAXIMUS, Inc.
Summary
- On February 28, 2025, Raymond B. Ruddy, a director of MAXIMUS, Inc., acquired 915.02 dividend equivalent rights.
- These rights are associated with previously awarded restricted stock units (RSUs) and vest proportionately with the RSUs.
- Each dividend equivalent right represents the economic equivalent of one share of MAXIMUS common stock.
- Following this transaction, Ruddy directly owns 199,779.805 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
- The acquisition of dividend equivalent rights has a minimal direct impact on stakeholders, as it is related to existing RSU grants.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of transaction: Acquisition of dividend equivalent rights. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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