Form 4: MAXIMUS Officer's Stock Acquisition and Tax Sale

MAXIMUS Principal Accounting Officer Theresa D Golinvaux reported the acquisition of common stock from vested performance stock units and a subsequent sale to cover tax obligations.

Summary

• Theresa D Golinvaux, Principal Accounting Officer of MAXIMUS, INC. (MMS), reported transactions involving common stock.
• On December 2, 2025, Golinvaux acquired 1,200.769 shares of common stock upon the release of performance stock units (PSUs) granted on November 25, 2022.
• This acquisition included 37.131 shares representing dividend equivalent rights accrued on the PSUs.
• Following this acquisition, Golinvaux beneficially owned 14,029.317 shares.
• On the same date, Golinvaux disposed of 541.547 shares of common stock at a price of $86.51 per share.
• This disposition was made to satisfy withholding tax obligations related to the release of the PSUs.
• After both transactions, Golinvaux's direct beneficial ownership stands at 13,487.77 shares.

Sentiment

Score: 7

Explanation: The filing reports the vesting of performance stock units for a key executive, indicating the achievement of performance targets. The subsequent sale of shares to cover tax obligations is a routine and expected part of equity compensation plans.

Positives

• The acquisition of 1,200.769 shares indicates the vesting of previously granted performance stock units, reflecting the achievement of performance criteria.
• The receipt of 37.131 shares from dividend equivalent rights further enhances the value of the vested PSUs.

Negatives

• The disposition of 541.547 shares, while for tax purposes, reduces the officer's direct beneficial ownership in the company.

Future Outlook

NA

Industry Context

This is a routine insider transaction filing (Form 4) and does not provide information relevant to broader industry trends or competitive analysis. It reflects standard executive compensation practices involving performance-based equity awards.

Stakeholder Impact

• Shareholders: Minor, routine insider transaction. Indicates executive compensation structure is functioning as intended.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Key Dates

Keywords

MAXIMUS, MMS, Insider Transaction, Form 4, Executive Compensation, Performance Stock Units, Stock Vesting, Tax Withholding, Beneficial Ownership