Form 4: Methode Electronics Director Mark Schwabero Reports Phantom Stock Acquisition

Director Mark Schwabero reports acquisition of phantom stock units through dividend reinvestment in Methode Electronics' Nonqualified Deferred Compensation Plan.

Summary

• Mark Schwabero, a director of Methode Electronics Inc., filed a Form 4 on May 6, 2025, reporting a transaction.
• The transaction involved the acquisition of 558.92 units of phantom stock at a price of $6.68 per unit on May 2, 2025.
• These units were acquired through the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan.
• Following the transaction, Schwabero beneficially owns 27,227.33 units of phantom stock indirectly through the deferred compensation plan.
• Schwabero also directly owns 6,000 shares of common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reports a routine transaction related to executive compensation. The acquisition of phantom stock through dividend reinvestment is generally a positive sign, but not significantly impactful.

Positives

• The acquisition of phantom stock through dividend reinvestment indicates 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 filing indicates a director's continued investment in the company through a deferred compensation plan.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it reflects a director's continued investment in the company.

Key Dates

Keywords

Form 4, phantom stock, dividend reinvestment, deferred compensation plan, Methode Electronics, MEI, Mark Schwabero, director