Form 4: Methode Electronics Director Bobek Reports Phantom Stock Acquisition and Common Stock Disposal
SEC Form 4 Filing
Director Therese M. Bobek reports acquisition of phantom stock and disposal of common stock in Methode Electronics Inc.
Summary
- On April 26, 2024, Therese M. Bobek, a director of Methode Electronics Inc., reported a transaction involving phantom stock and common stock.
- Bobek acquired 130.16 shares of phantom stock at a price of $12.22, through dividend reinvestment in the Nonqualified Deferred Compensation Plan.
- Bobek also disposed of 3,000 shares of common stock.
- Following these transactions, Bobek beneficially owns 11,491.3 shares of phantom stock indirectly through the Deferred Comp. Plan.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the amounts are relatively small.
Key Dates
| Date | Description |
|---|---|
| 04/26/2024 | Date of phantom stock acquisition and common stock disposal |
| 04/30/2024 | Date of signature for the report |
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