Form 4: Methode Electronics Director Brian J. Cadwallader Reports Phantom Stock Acquisition
SEC Form 4 Filing
Director Brian J. Cadwallader reported the acquisition of phantom stock and holdings of common stock through a deferred compensation plan and trust.
Summary
- On April 26, 2024, Brian J. Cadwallader, a director of Methode Electronics Inc., reported acquiring 130.16 units of phantom stock at a price of $12.22 per unit through the dividend reinvestment feature of the company's Nonqualified Deferred Compensation Plan.
- Following the transaction, Cadwallader beneficially owns 11,491.3 units of phantom stock indirectly through the Deferred Compensation Plan.
- Cadwallader also indirectly owns 6,800 shares of common stock through a trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of a company director.
- It assures stakeholders that insider transactions are being monitored and disclosed as required by regulations.
Key Dates
| Date | Description |
|---|---|
| 04/26/2024 | Date of phantom stock acquisition. |
| 04/30/2024 | Date of signature for the report. |
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