Form 4: Methode Electronics Director Brian J. Cadwallader Reports Phantom Stock Acquisition

Director Brian J. Cadwallader reported the acquisition of phantom stock units through a dividend reinvestment in Methode Electronics' Nonqualified Deferred Compensation Plan.

Summary

• On November 1, 2024, Brian J. Cadwallader, a director of Methode Electronics Inc., reported the acquisition of 402.18 units of phantom stock.
• These units were acquired through the dividend reinvestment feature of the company's Nonqualified Deferred Compensation Plan.
• The price per unit of phantom stock was $9.03.
• Following the transaction, Cadwallader beneficially owns 26,342.62 units of phantom stock indirectly through the deferred compensation plan and 6,800 shares of common stock indirectly through a trust.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing is a routine disclosure of a transaction related to a deferred compensation plan.

Positives

• The director's participation in the dividend reinvestment plan signals confidence in the company's future performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company executives and directors.

Stakeholder Impact

• The transaction provides stakeholders with information about insider activity, which can influence investor sentiment.

Key Dates