Form 4: Director Janie Goddard Reports Stock Award and Deferred Compensation Plan Activity at Methode Electronics

Janie Goddard, a director at Methode Electronics, reports the acquisition of phantom stock and disposition of common stock.

Summary

• On June 13, 2024, Janie Goddard, a director of Methode Electronics Inc., reported acquiring 14,170 shares of phantom stock at $9.88 per share through a deferred compensation plan.
• Following this transaction, Goddard beneficially owns 22,541.71 shares of phantom stock indirectly through the deferred compensation plan.
• Goddard also disposed of 2,955 shares of common stock on the same date.
• The stock award was granted under the 2022 Omnibus Incentive Plan, and the director elected to defer the award under the Nonqualified Deferred Compensation Plan.
• Each share of phantom stock represents the economic equivalent of one share of Methode Electronics' common stock and is payable in common stock upon distribution from the plan.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The phantom stock will be payable in shares of the company's common stock upon distribution from the deferred compensation plan.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their holdings in the company's stock.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company insiders as it can provide insights into management's perspective on the company's value.

Key Dates