Form 4: Methode Electronics Director Darren Dawson Reports Phantom Stock Acquisition
SEC Filing
Director Darren Dawson reported the acquisition of phantom stock and holdings of common stock in Methode Electronics Inc.
Summary
- Darren Dawson, a director of Methode Electronics Inc., filed a Form 4 with the SEC.
- The report details a transaction on May 2, 2025, where Dawson acquired 558.92 shares of phantom stock at a price of $6.68 per share through dividend reinvestment in the Nonqualified Deferred Compensation Plan.
- Following the transaction, Dawson beneficially owns 27,227.33 shares of phantom stock indirectly through the deferred compensation plan.
- Dawson also directly owns 6,500 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's securities, providing transparency to the market.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/02/2025 | Date of phantom stock acquisition |
| 05/06/2025 | Date of signature on the report |
Keywords
Form 4, SEC, Darren Dawson, Methode Electronics Inc, MEI, phantom stock, director, beneficial ownership, deferred compensation plan, dividend reinvestment
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