Form 4: MAXIMUS Executive Teresa Weipert Reports Acquisition of Dividend Equivalent Rights

Teresa Weipert, General Manager of US Federal Segment at MAXIMUS, reports the acquisition of dividend equivalent rights.

Summary

• On May 31, 2024, Teresa Weipert, General Manager of US Federal Segment at MAXIMUS, acquired 110.371 dividend equivalent rights.
• These rights are associated with previously awarded restricted stock units (RSUs) and performance share units (PSUs).
• Following this transaction, Weipert directly owns 31,786.76 dividend equivalent rights.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing, indicating routine executive compensation adjustments. It doesn't inherently convey positive or negative sentiment, but rather provides transparency.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and holdings, providing transparency to investors regarding insider transactions.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies like MAXIMUS, ensuring compliance with SEC regulations.
• Similar filings are made by executives at companies like Accenture, IBM, and General Dynamics, reflecting their holdings and transactions in company stock and related instruments.
• The reporting of dividend equivalent rights is common in executive compensation packages within the industry.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and alignment of interests.
• It assures stakeholders that executive compensation is tied to company performance through instruments like RSUs and PSUs.

Key Dates