Form 4: MAXIMUS Director Weipert Acquires Dividend Equivalent Rights
SEC Form 4 Filing
Director Teresa Weipert acquired dividend equivalent rights corresponding to 113.185 shares of MAXIMUS, INC. common stock on February 29, 2024.
Summary
- On February 29, 2024, Teresa Weipert, a director of MAXIMUS, INC., acquired dividend equivalent rights related to previously awarded restricted stock units (RSUs) and performance share units (PSUs).
- The transaction involved 113.185 dividend equivalent rights, each representing the economic equivalent of one share of MAXIMUS common stock.
- Following the transaction, Weipert directly owns 31,676.393 shares of MAXIMUS common stock.
- A Power of Attorney was executed on December 4, 2023, granting John T. Martinez, David Mutryn, Theresa Golinvaux and Catherine Scavello the authority to act on Weipert's behalf for Section 16 filings.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting a routine transaction. Therefore, the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to insider transactions and is typical for publicly traded companies. It provides transparency regarding the holdings of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director's holdings.
Key Dates
| Date | Description |
|---|---|
| 2023-12-04 | Date of Power of Attorney execution, authorizing John T. Martinez, David Mutryn, Theresa Golinvaux and Catherine Scavello to act on Teresa Weipert's behalf. |
| 2024-02-29 | Date of transaction: Teresa Weipert acquired dividend equivalent rights. |
| 2024-03-04 | Date of Form 4 signature by Attorney-In-Fact John T Martinez. |
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