Form 4: Methode Electronics Director Bobek Acquires Phantom Stock and Common Stock
SEC Form 4 Filing
Director Therese M. Bobek reports acquisition of phantom stock and common stock in Methode Electronics Inc.
Summary
- Therese M. Bobek, a director of Methode Electronics Inc., reported a transaction involving the acquisition of phantom stock and common stock on November 1, 2024.
- Bobek acquired 402.18 shares of phantom stock at a price of $9.03, bringing the total indirect holdings in the Deferred Compensation Plan to 26,342.62 shares.
- Additionally, Bobek acquired 3,000 shares of common stock directly.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in the corporate world. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Date of transaction: acquisition of phantom stock and common stock |
| 11/05/2024 | Date of signature on the Form 4 filing |
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