Form 4: Methode Electronics Director Dawson Acquires Phantom Stock and Disposes of Common Stock
SEC Form 4 Filing
Director Darren Dawson reports acquisition of phantom stock and disposition of common stock in Methode Electronics Inc.
Summary
- On November 1, 2024, Darren Dawson, a director of Methode Electronics Inc., acquired 402.18 shares of phantom stock at a price of $9.03 per share through the dividend reinvestment feature of the company's Nonqualified Deferred Compensation Plan.
- Following this transaction, Dawson indirectly owns 26,342.62 shares of phantom stock through the deferred compensation plan.
- Also on November 1, 2024, Dawson disposed of 6,500 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in Dawson's holdings of Methode Electronics stock and phantom stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a company director.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Date of phantom stock acquisition and common stock disposition |
| 11/05/2024 | Date of signature on the Form 4 filing |
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