Form 4: Methode Electronics Director Brian J. Cadwallader Reports Phantom Stock Acquisition
SEC Form 4 Filing
Director Brian J. Cadwallader reports acquisition of phantom stock units through dividend reinvestment in Methode Electronics' Nonqualified Deferred Compensation Plan.
Summary
- Brian J. Cadwallader, a director of Methode Electronics Inc. (MEI), reported a transaction involving phantom stock.
- On January 31, 2025, Cadwallader acquired 325.79 units of phantom stock at a price of $11.32 per unit through the dividend reinvestment feature of the company's Nonqualified Deferred Compensation Plan.
- Following the transaction, Cadwallader beneficially owns 26,668.41 units of phantom stock indirectly through the deferred compensation plan.
- Cadwallader also indirectly owns 6,800 shares of common stock in a trust.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't convey any particular positive or negative sentiment.
Positives
- The acquisition of phantom stock through dividend reinvestment indicates Cadwallader's continued investment in the company's future.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the investment activities of company directors.
Comparison to Industry Standards
- Insider transactions are a normal part of corporate governance and are regularly disclosed by directors and officers of publicly traded companies.
- The reporting requirements are standardized by the SEC, ensuring transparency and preventing insider trading.
- Companies like Texas Instruments, Apple, and Microsoft also have similar insider transaction reporting requirements.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves phantom stock and a dividend reinvestment plan.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of phantom stock transaction |
| 02/04/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Methode Electronics, Director, Cadwallader, Phantom Stock, Dividend Reinvestment, Deferred Compensation Plan, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.