Form 4: Methode Electronics Director Mark Schwabero Reports Phantom Stock Acquisition
SEC Form 4 Filing
Director Mark Schwabero reports acquisition of phantom stock and ownership of common stock in Methode Electronics.
Summary
- Mark Schwabero, a director of Methode Electronics Inc., reported a transaction on January 31, 2025.
- The transaction involved the acquisition of 325.79 shares of phantom stock at a price of $11.32.
- These shares were acquired through the dividend reinvestment feature of the company's Nonqualified Deferred Compensation Plan.
- Schwabero also owns 6,000 shares of common stock directly.
- Following the reported transaction, Schwabero beneficially owns 26,668.41 shares of phantom stock indirectly through the Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of phantom stock through dividend reinvestment indicates a continued investment in the company's future by a director.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of phantom stock transaction |
| 02/04/2025 | Date of signature on the report |
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