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

Director Brian J. Cadwallader reports acquisition of phantom stock and holdings in common stock through a trust and deferred compensation plan.

Summary

• Brian J. Cadwallader, a director at Methode Electronics Inc., filed a Form 4 detailing changes in beneficial ownership.
• On June 13, 2024, Cadwallader acquired 14,170 shares of phantom stock at a price of $9.88 per share.
• This acquisition was made under the Methode Electronics, Inc. 2022 Omnibus Incentive Plan, with the director electing to defer the award pursuant to the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan.
• Following the transaction, Cadwallader beneficially owns 25,661.3 shares of phantom stock indirectly through a deferred compensation plan.
• Cadwallader also holds 6,800 shares of common stock indirectly through a trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating neutral sentiment. It reports transactions related to executive compensation.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's participation in the company's incentive plan.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates