Form 4: Methode Electronics CEO Jonathan B. DeGaynor Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Jonathan B. DeGaynor reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On April 30, 2025, Jonathan B. DeGaynor, CEO and President of Methode Electronics Inc., had 13,445 shares of common stock withheld to satisfy tax obligations.
- The shares were withheld at a price of $6.27 per share.
- Following the transaction, DeGaynor directly owns 115,691 shares of common stock.
- DeGaynor also indirectly owns 32,733 shares jointly with his spouse and 1,620 shares held in the Methode 401(k) Plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a routine transaction related to tax obligations.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to tax obligations of the CEO.
Key Dates
| Date | Description |
|---|---|
| 04/30/2025 | Date of transaction: shares withheld for tax obligations. |
| 05/02/2025 | Date of signature on the report. |
Keywords
beneficial ownership, Form 4, Methode Electronics, DeGaynor, stock, tax obligations, restricted stock units
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