Form 4: Methode Electronics Director Dawson Acquires Phantom Stock and Reports Beneficial Ownership

Director Darren Dawson reports acquisition of phantom stock and updates on beneficial ownership of Methode Electronics Inc. securities.

Summary

• On July 26, 2024, Darren Dawson, a director of Methode Electronics Inc. (MEI), acquired 279.14 shares of phantom stock at a price of $12.87 per share through the dividend reinvestment feature of the company's Nonqualified Deferred Compensation Plan.
• Following this transaction, Dawson's indirect beneficial ownership in the Deferred Compensation Plan amounts to 25,940.44 shares of phantom stock.
• Dawson also directly owns 6,500 shares of common stock in Methode Electronics Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document simply reports a routine transaction. There is no indication of positive or negative sentiment towards the company's prospects.

Positives

• The acquisition of phantom stock through dividend reinvestment indicates Dawson's continued investment in the company's future.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests between management and shareholders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates