Form 4: Methode Electronics CFO Ronald Tsoumas Reports Stock Transaction
SEC Form 4 Filing
Ronald Tsoumas, VP Finance and CFO of Methode Electronics, reports the withholding of restricted stock units to cover tax obligations.
Summary
- On May 4, 2024, Ronald L.G. Tsoumas, VP Finance and CFO of Methode Electronics Inc. (MEI), reported a transaction involving common stock.
- A total of 6,624 common stock units were disposed of at a price of $12.34.
- This transaction was due to the withholding of restricted stock units to cover the reporting person's tax withholding obligation.
- Following the transaction, Tsoumas directly owns 183,799 shares of common stock and indirectly owns 21,343 shares held in the Methode 401(k) Plan.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/04/2024 | Date of the stock transaction. |
| 05/07/2024 | Date of signature on the report. |
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