Form 4: Methode Electronics Director Janie Goddard Reports Phantom Stock Acquisition
SEC Form 4 Filing
Director Janie Goddard reported the acquisition of phantom stock through a dividend reinvestment in Methode Electronics' Nonqualified Deferred Compensation Plan.
Summary
- On July 26, 2024, Janie Goddard, a director of Methode Electronics Inc. (MEI), reported a transaction involving phantom stock.
- Goddard acquired 245.21 shares of phantom stock at a price of $12.87 per share through a dividend reinvestment in the company's Nonqualified Deferred Compensation Plan.
- Following the transaction, Goddard beneficially owns 22,786.92 shares of phantom stock indirectly through the deferred compensation plan and 2,955 shares of common stock directly.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reflects routine transactions related to executive compensation.
Positives
- The acquisition of phantom stock through dividend reinvestment indicates Goddard's continued investment in the company's future.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing reflects a director's ongoing participation in a deferred compensation plan.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 07/26/2024 | Date of phantom stock acquisition |
| 07/30/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.