Form 4: Methode Electronics Director Janie Goddard Reports Phantom Stock Acquisition

Director Janie Goddard reported the acquisition of phantom stock units through a dividend reinvestment in Methode Electronics' Nonqualified Deferred Compensation Plan.

Summary

• On November 1, 2024, Janie Goddard, a director of Methode Electronics Inc. [MEI], acquired 353.28 units of phantom stock at a price of $9.03 per unit.
• This acquisition was made through the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan.
• Following the transaction, Goddard directly owns 2,955 shares of common stock and indirectly owns 23,140.2 shares through the deferred compensation plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to a director's participation in a deferred compensation plan.

Positives

• The acquisition of phantom stock through dividend reinvestment indicates Goddard's continued investment and confidence in Methode Electronics.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates a director's ongoing participation in the company's deferred compensation plan.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it reflects an internal transaction related to executive compensation.

Key Dates