Form 4: Director Goddard Increases Indirect Holdings in Methode Electronics Through Deferred Compensation Plan

Director Janie Goddard acquired additional phantom stock in Methode Electronics through a dividend reinvestment within the company's Nonqualified Deferred Compensation Plan.

Summary

• On May 2, 2025, Janie Goddard, a director of Methode Electronics Inc. [MEI], acquired 490.97 shares of phantom stock through a dividend reinvestment in the company's Nonqualified Deferred Compensation Plan.
• The price per share of the phantom stock was $6.68.
• Following the transaction, Goddard's indirect holdings in the Deferred Compensation Plan totaled 23,917.36 shares.
• Goddard also directly owns 2,955 shares of common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the transaction is a routine dividend reinvestment, not a significant market-moving event.

Positives

• The director's participation in the dividend reinvestment plan signals confidence in the company's future performance.

Industry Context

Insider transactions are closely monitored as they can provide insights into a company's prospects, although routine transactions like dividend reinvestments are less indicative of significant shifts.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it involves internal adjustments to a deferred compensation plan.

Key Dates

Keywords

Form 4, insider trading, beneficial ownership, phantom stock, deferred compensation plan, Methode Electronics, director, Goddard