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

Director Janie Goddard reported acquiring phantom stock through a dividend reinvestment in Methode Electronics' Nonqualified Deferred Compensation Plan.

Summary

• On April 26, 2024, Janie Goddard, a director of Methode Electronics Inc. [MEI], acquired 94.83 units of phantom stock through the dividend reinvestment feature of the company's Nonqualified Deferred Compensation Plan.
• The price per unit of phantom stock was $12.22.
• Following this transaction, Goddard beneficially owns 8,371.71 units of phantom stock indirectly through the Deferred Compensation Plan and 2,955 shares of common stock directly.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, suggesting stability and confidence from a company director. It's a neutral to slightly positive indicator.

Positives

• The director's participation in the dividend reinvestment plan signals confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing reflects participation in a deferred compensation plan, which is a common practice.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.
• The director's participation in the dividend reinvestment plan may be viewed positively by stakeholders.

Key Dates