Form 4: MAXIMUS Officer Reports Routine Stock Transactions

MAXIMUS General Manager Ilene Baylinson reported the acquisition of shares from performance stock units and the subsequent disposition of shares for tax withholding.

Summary

• Ilene R. Baylinson, General Manager Health & Human at MAXIMUS, INC., reported changes in her beneficial ownership of common stock.
• On December 2, 2025, she acquired 7,647.465 shares of common stock upon the release of performance stock units (PSUs) that were granted on November 25, 2022. This amount includes 236.401 shares representing dividend equivalent rights accrued on the PSUs.
• Concurrently, on December 2, 2025, she disposed of 3,831.38 shares of common stock at a price of $86.51 per share. These shares were surrendered to satisfy withholding tax obligations due in connection with the release of the PSUs.
• Following these transactions, her direct beneficial ownership of MAXIMUS common stock is 25,392.859 shares.

Sentiment

Score: 7

Explanation: The release of performance stock units indicates that the company or individual performance targets were met, which is a positive sign. The subsequent sale of shares for tax withholding is a standard, non-discretionary event and does not reflect negatively on the company's performance or outlook.

Positives

• Acquisition of 7,647.465 shares of common stock, including dividend equivalent rights, from the release of performance stock units (PSUs).
• The release of PSUs suggests that performance targets set when the units were granted on November 25, 2022, have been met.

Negatives

• Disposition of 3,831.38 shares of common stock to satisfy withholding tax obligations, which reduces direct beneficial ownership.

Future Outlook

NA

Industry Context

This filing details a routine insider compensation event and does not provide specific information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The vesting of performance stock units and subsequent tax-related disposition of shares is a routine compensation event for an executive. While it involves a change in insider ownership, it is generally not considered a significant market-moving event and reflects the fulfillment of prior compensation agreements.
• Employees: No direct impact on the broader employee base is indicated by this filing.

Key Dates

Recommendation

This Form 4 details a routine insider transaction involving the vesting of performance stock units and the subsequent sale of shares to cover tax obligations. Such transactions are common for executive compensation and do not typically signal a change in the company's fundamental outlook or warrant a change in investment recommendation. The vesting of PSUs suggests performance targets were met, which is a neutral to slightly positive indicator, but not enough to alter a 'hold' stance.

Keywords

MAXIMUS, MMS, Form 4, insider transaction, performance stock units, executive compensation, beneficial ownership