Form 4: MAXIMUS INC. Director Jan Madsen Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Jan Madsen reports acquisition of dividend equivalent rights related to restricted stock units.
Summary
- On May 31, 2024, Jan Madsen, a director of MAXIMUS INC., acquired 59.207 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 the transaction, Madsen beneficially owns 17,051.89 dividend equivalent rights.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of dividend equivalent rights acquisition.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies.
Stakeholder Impact
- The acquisition of dividend equivalent rights has a minimal direct impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of transaction: Acquisition of dividend equivalent rights |
| 06/04/2024 | Date of signature for the Form 4 filing |
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