Form 4: Methode Electronics Director Dawson Acquires Phantom Stock, 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 June 13, 2024, Darren Dawson, a director of Methode Electronics Inc., engaged in transactions involving the company's stock.
- Dawson acquired 14,170 shares of phantom stock at a price of $9.88 per share.
- These phantom stocks are held indirectly in a deferred compensation plan.
- Dawson also disposed of 6,500 shares of common stock.
- Following these transactions, Dawson beneficially owns 25,661.3 shares of phantom stock indirectly through the deferred compensation plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company director, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and 10% owners) of publicly traded companies, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transactions may provide insights to shareholders regarding the director's view of the company's stock value.
- The transactions have a limited impact on employees, customers, suppliers, and creditors.
Key Dates
| Date | Description |
|---|---|
| 06/13/2024 | Date of phantom stock acquisition and common stock disposition. |
| 06/17/2024 | Date of signature on the Form 4 filing. |
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